Kyndryl Holdings, Inc. - KD STOCK NEWS

Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, has announced the release of its Q1 FY2025 financial results on July 31, 2024, after market close. The company will host an earnings conference call and webcast on August 1, 2024, at 8:30 a.m. ET, led by CEO Martin Schroeter and CFO David Wyshner.

Investors can access the live webcast and slide presentation at investors.kyndryl.com. Replays will be available for twelve months following the event. Kyndryl serves thousands of enterprise customers in over 60 countries, specializing in designing, building, managing, and modernizing complex, mission-critical information systems.

Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has appointed Kim Basile as its new Chief Information Officer (CIO), succeeding Michael Bradshaw. Bradshaw will now lead the company's Applications, Data and AI practice, while Nicolas Sekkaki has been named Practice Leader for Kyndryl's Cloud practice. Basile will focus on advancing the company's technology foundation, enhancing employee experience, and leveraging her extensive expertise in cybersecurity. Bradshaw aims to modernize customer technology environments and implement AI, while Sekkaki will drive digital transformation in cloud services.

Rubrik (NYSE: RBRK) announced its Q1 FY 2025 financial results, highlighting a 46% year-over-year increase in Subscription Annual Recurring Revenue (ARR) to $856.1 million and a 38% rise in total revenue to $187.3 million. The company expanded its customer base by 41% to 1,859 clients with $100K+ in Subscription ARR. Despite strong revenue growth, Rubrik reported a GAAP net loss per share of $(11.48), primarily due to $630.3 million in stock-based compensation tied to its IPO. The company closed its IPO in April 2024, raising net proceeds of $710.3 million. For FY 2025, Rubrik projects Subscription ARR between $983 million and $997 million, and revenue between $810 million and $824 million. However, the company anticipates a non-GAAP net loss per share of $(2.35) to $(2.25).

Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has been named one of Newsweek's Top 100 Global Most Loved Workplaces for the second consecutive year. This recognition underscores the company's commitment to respect, inclusiveness, and employee development through 'The Kyndryl Way.'

Kyndryl's CEO, Martin Schroeter, promotes a flexible and inclusive work environment that encourages employee well-being and community involvement. The company also received accolades from LinkedIn, ranking high in various countries including France, Brazil, Mexico, and the UK for career advancement and employee satisfaction. Kyndryl focuses on creating a positive workplace with competitive benefits, flexible work arrangements, and robust development programs.

Kyndryl (NYSE: KD), the largest IT infrastructure services provider, has introduced the Kyndryl Threat Insights Managed Service, leveraging Amazon Security Lake. This service centralizes security data from AWS environments, enhancing visibility and facilitating advanced threat detection and response. The initiative builds on Kyndryl's collaboration with AWS for scalable security solutions. The service integrates into Kyndryl Bridge, offering a consolidated view of security risks. It emphasizes cyber resilience by using AI/ML for anomaly detection and threat intelligence, aiding faster and more informed decision-making.

Kyndryl (NYSE: KD), the largest technology infrastructure services provider, has been recognized as a Leader in the IDC MarketScape: Worldwide Microsoft Implementation Services 2024 Vendor Assessment. This evaluation considered 13 global providers of Microsoft solutions, focusing on their ability to support hybrid cloud adoption, application modernization, and mission-critical workloads. IDC highlighted Kyndryl's strong partnership with Microsoft in delivering innovative solutions, aiding digital transformation, and driving long-term business impact. Kyndryl's broad experience and ability to accelerate cloud adoption were key factors in its leadership position.

Kyndryl (KD) has announced a collaboration with NVIDIA to accelerate the adoption of generative AI-enabled solutions. This partnership will leverage Kyndryl's digital business platform, Kyndryl Bridge, alongside NVIDIA's accelerated computing and software solutions. Kyndryl Consult will play a important role in speeding up the deployment of AI solutions, including IT operations automation, fraud prevention, and real-time analytics. The integration of NVIDIA NeMo and NIM microservices aims to enhance network and IT infrastructure efficiency. This collaboration targets essential industries like finance, retail, telecom, and healthcare, promising enhanced AI performance and operational efficiency. The combined expertise aims to help customers quickly integrate and scale AI applications, offering comprehensive AI services and solutions.

Kyndryl (NYSE: KD), the largest IT infrastructure services provider, introduces new AI and generative AI services to modernize mainframe systems. Announced on May 16, 2024, the initiative focuses on training over 5,000 mainframe professionals in AI skills to enhance hybrid cloud environments.

The company aims to support organizations in deploying AI-enabled workloads, integrating mainframe data with cloud systems, and optimizing workloads through AI-driven insights. Kyndryl's comprehensive services will assist in workload migration, secure data access, application code modernization, and developer agility.

Research shows 90% of organizations consider mainframes essential, with 95% modernizing within hybrid clouds. Kyndryl's new AI services, supported by partnerships and its Kyndryl Bridge platform, are expected to reduce IT transformation costs, enhance agility, and drive data-driven decision-making.

Kyndryl Holdings (NYSE: KD), the largest IT infrastructure services provider globally, announced that its Chairman and CEO, Martin Schroeter, alongside CFO David Wyshner, will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024, at 3:45 p.m. ET.

The presentation will cover Kyndryl's business and financial performance. Interested parties can access the live webcast through Kyndryl's investor relations website. A replay will be available 24 hours post-event.