Kyndryl Accelerates Momentum with Google Cloud to Drive Large-Scale Enterprise IT Modernization for Customers

Kyndryl (NYSE: KD) announced expanded collaboration with Google Cloud to accelerate large-scale IT modernization, cloud migration, and AI adoption for enterprise customers.

Rhea-AI Summary

Kyndryl (NYSE: KD) announced expanded collaboration with Google Cloud to accelerate large-scale IT modernization, cloud migration, and AI adoption for enterprise customers.

Key actions include customer engagements in Mexico and Argentina/Uruguay, an agentic AI Aviation Industry Cloud Solution, the Google Cloud Ready – Energy & Carbon designation, and an extended agreement with CMPC in Chile.

Positive

• Expanded global collaboration with Google Cloud across multiple industries
• Launched agentic Aviation Industry Cloud Solution on Google Cloud
• Achieved Google Cloud Ready – Energy & Carbon designation
• Extended IT modernization agreement with CMPC in Chile
• Customer deployments in Mexico and Argentina/Uruguay

Negative

• None.

Argus Apr 23 session

-6.02% close to close Open Argus

Details

News Market Reaction – KD

On Apr 23, the day this news came out, KD closed 6.02% below the previous close.

Data tracked by StockTitan Argus for the Apr 23 session.

Key Figures

Sustainability target year: 2030

Sustainability target year

2030

CMPC 2030 Sustainable Development Goals mentioned in modernization context

Historical Context

5 past events · Latest: Apr 22

5 events

1. Apr 22

   Cloud/AI expansion

   24h Move

   -2.3%

   Expanded distributed cloud services with Google Cloud for AI-ready modernization.

2. Apr 21

   Partner awards

   24h Move

   -0.8%

   Won five 2026 Google Cloud Partner of the Year awards across key areas.

3. Apr 20

   Industry recognition

   24h Move

   +1.7%

   Named a Leader in multiple ISG mainframe service and modernization categories.

4. Apr 16

   Government contract

   24h Move

   +0.9%

   Selected to modernize North Carolina DMV systems on Azure for digital services.

5. Apr 15

   Earnings date set

   24h Move

   +5.0%

   Announced timing of Q4 and full-year results release and earnings call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

hyperscaler, agentic ai, aviation industry cloud solution

3 terms

hyperscaler technical

"new solutions underscore deepening hyperscaler collaboration"

A hyperscaler is a very large provider of cloud computing and data-center services that owns and operates vast amounts of servers, storage and network capacity to host other companies’ applications and data. Think of them as the electric utility for digital services: their scale cuts unit costs, enables rapid growth for customers, and creates high barriers to entry, so investors watch their market share, margins and capital spending closely.

agentic ai technical

"launched an agentic AI-powered Aviation Industry Cloud Solution designed to run"

Agentic AI refers to computer systems that can make their own decisions and take actions without needing someone to tell them what to do each time. It's like giving a robot a degree of independence to solve problems or achieve goals on its own, which matters because it could change how we work and interact with technology in everyday life.

aviation industry cloud solution technical

"an agentic AI-powered Aviation Industry Cloud Solution designed to run on Google Cloud"

A solution that uses internet-based servers and software to manage airlines’ and airports’ data and operations—everything from flight schedules and maintenance records to passenger services—so teams can access and share information from anywhere. For investors it matters because it can lower costs, speed decision-making, improve safety and customer experience, and make a carrier more scalable and competitive, much like switching from paper files to a shared online workspace.

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Growing customer adoption, industry recognition and new solutions underscore deepening hyperscaler collaboration

NEW YORK, April 23, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced it has continued to expand and strengthen its collaboration with Google Cloud to help customers modernize their IT infrastructure, unlock data-driven insights, and advance AI-powered innovation.

As enterprises across industries are accelerating cloud adoption to improve resilience, sustainability and operational agility while preparing their environments for AI at scale, Kyndryl and Google Cloud are deploying and managing Google Cloud solutions that leverage their combined deep infrastructure expertise and advanced cloud and data capabilities. Customers are increasingly seeking trusted partners that can modernize complex, mission-critical systems and translate cloud investments into tangible business outcomes. Kyndryl's expanding work with Google Cloud addresses these needs through a shared commitment to helping enterprises modernize and embrace AI at scale through trusted expertise, industry-focused solutions and advanced cloud technologies.

Customer adoption of solutions powered by Kyndryl and Google Cloud continues to grow across regions and industries. For example:

• In Mexico, Kyndryl is working with Google Cloud to support PiSA Farmacéutica's technology modernization, establishing a cloud-based foundation to accelerate migration, expand digital capabilities, and prepare for future AI initiatives. The engagement aligns PiSA's transformation strategy with Google Cloud technology and Kyndryl's expertise in critical infrastructure and data enablement.
• Partnering with Southbay, Nike's official distributor in Argentina and Uruguay, Kyndryl will modernize the retailer's data management on Google Cloud to deliver real-time visibility into inventory and sales while enabling data- and AI-driven decision-making across retail channels.
• Kyndryl recently launched an agentic AI-powered Aviation Industry Cloud Solution designed to run on Google Cloud, helping airlines modernize operations, securely access data, and enhance both customer and workforce experiences. The solution brings together Kyndryl's aviation expertise and Google Cloud's advanced capabilities to streamline operations and unlock new value from enterprise data.

"Our collaboration with Google Cloud continues to gain momentum as more enterprises rely on Kyndryl to modernize mission-critical environments and build cloud foundations for AI and innovation," said Giovanni Carraro, Global Strategic Alliances Leader, Kyndryl. "Together, we are helping customers move faster, operate more efficiently, and create sustainable, future-ready digital platforms."

Kyndryl has also expanded its Google Cloud capabilities to support customers' sustainability goals. By achieving the Google Cloud Ready – Energy & Carbon designation, Kyndryl is helping organizations design, develop and manage more energy-efficient IT operations using AI-driven insights, enabling customers to advance sustainability and carbon-reduction initiatives while modernizing their infrastructure. In addition, Kyndryl announced an extended agreement with CMPC in Chile to modernize the company's IT operations for a more digital and sustainable future. Experts from Kyndryl Consult will help migrate CMPC's enterprise resource planning (ERP) environment and corporate applications to Google Cloud, as well as integrate insights from Kyndryl Bridge – the company's AI-powered, open-integration digital business platform – to better manage CMPC's IT estate and advance its 2030 Sustainable Development Goals.

Learn more about how Kyndryl and Google Cloud are partnering to support customers.

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Kyndryl press contact
press@kyndryl.com

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SOURCE Kyndryl

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Kyndryl (KD) announce about its partnership with Google Cloud on April 23, 2026?

Kyndryl announced expanded collaboration with Google Cloud to modernize enterprise IT and advance AI initiatives. According to Kyndryl, the work includes cloud migrations, industry solutions, and joint deployments to help customers modernize mission-critical systems and prepare for AI at scale.

What is the Kyndryl Aviation Industry Cloud Solution on Google Cloud and who will it serve?

The Aviation Industry Cloud Solution is an agentic AI-powered platform designed to modernize airline operations. According to Kyndryl, it aims to securely access data, streamline operations, and improve customer and workforce experiences using Google Cloud infrastructure and AI capabilities.

Which customer projects did Kyndryl cite with Google Cloud in this announcement (KD)?

Kyndryl highlighted engagements with PiSA Farmacéutica in Mexico and Southbay for Nike distribution in Argentina and Uruguay. According to Kyndryl, these projects focus on cloud migration, data modernization, inventory visibility, and enabling data- and AI-driven decision-making.

What does the Google Cloud Ready – Energy & Carbon designation mean for Kyndryl (KD) customers?

The designation recognizes Kyndryl's capabilities to support energy-efficient IT and carbon-reduction initiatives. According to Kyndryl, it enables customers to design and manage more energy-efficient IT operations using AI-driven insights during cloud modernization efforts.

What did Kyndryl announce about its work with CMPC in Chile and timelines for sustainability goals?

Kyndryl announced an extended agreement to modernize CMPC's ERP and corporate applications on Google Cloud. According to Kyndryl, the engagement will integrate Kyndryl Bridge and support CMPC's progress toward its 2030 Sustainable Development Goals.