Kyndryl Hldgs Inc Stock Price, News & Analysis

Kyndryl reported revenues of $4.3 billion for the quarter ended December 31, 2022, a 6% decline year-over-year, with a net loss of $106 million. Adjusted EBITDA dropped from $679 million to $580 million, impacted by unfavorable currency movements. Despite a 3% increase in constant currency, the company faced a $138 million pretax loss. Kyndryl aims to achieve $1 billion in hyperscaler signings and has redeployed resources to improve margins. The company raised its revenue outlook for the fiscal year 2023 to $16.8 – $17.0 billion and reaffirmed its adjusted EBITDA margin guidance.

Kyndryl (NYSE:KD), the largest IT infrastructure services provider, has entered a significant agreement with Stellantis (EuronextParis:STLA). Under this deal, Kyndryl will manage Stellantis' core IT infrastructure, utilizing Kyndryl Bridge for real-time insights and enhanced control. The partnership aims to drive operational excellence through automation and global service capabilities across Stellantis’ facilities in regions including the U.S., Latin America, Italy, France, Poland, and India. This collaboration underscores Kyndryl's commitment to supporting sustainable solutions for Stellantis' transformation.

Kyndryl Holdings, Inc. (NYSE: KD) will announce its financial results for the quarter ended December 31, 2022, on February 7, 2023, after market close. The earnings conference call, hosted by Chairman Martin Schroeter and CFO David Wyshner, is scheduled for February 8, 2023, at 8:30 a.m. ET. Interested parties can access the call via Kyndryl's investor relations website or through designated phone lines. A slide presentation will also be available prior to the call.

Kyndryl (NYSE: KD) has introduced new cloud native services designed to enhance customer journeys in cloud application modernization. These services leverage strategic hyperscaler partnerships and aim to streamline migration, modernization, and optimization of workloads across hybrid and multicloud environments. By focusing on automation and secure delivery, Kyndryl seeks to address challenges such as skills shortages and technology silos, ultimately facilitating quicker and more efficient cloud deployments.

Kyndryl (NYSE: KD) has announced a partnership with Dyslexia Canada to support students with dyslexia in technology careers. The collaboration aims to raise awareness of the challenges faced by those with dyslexia and provide opportunities in STEM fields. Approximately 750,000 children in Canada are affected by dyslexia, with a significant portion lacking adequate support. The partnership will feature programs and campaigns to educate students and engage Kyndryl employees in dyslexia advocacy.

Kyndryl Holdings (NYSE: KD) announced that Chairman and CEO Martin Schroeter and CFO David Wyshner will present at the UBS Global TMT Conference on December 5, 2022, at 10:00 a.m. ET. They will discuss the company’s business and financial performance during this event. Investors can listen to the live webcast on Kyndryl’s investor relations website, with a replay available approximately twenty-four hours later. Kyndryl is the world’s largest IT infrastructure services provider, serving enterprise customers in over 60 countries.

Kyndryl (NYSE: KD) has entered a five-year agreement with MedStar Health to enhance its IT capabilities and accelerate digital transformation within the healthcare sector. This collaboration aims to improve patient and caregiver experiences by utilizing Kyndryl Bridge for artificial intelligence and automation. Kyndryl will also establish a dedicated command center for ongoing IT support and leverage its partnership with Microsoft to modernize MedStar's hybrid cloud infrastructure.

Kyndryl Holdings, Inc. (NYSE: KD) reported Q2 2023 revenues of $4.2 billion, down 9% year-over-year, with a net loss of $281 million and pretax loss of $219 million. The company launched several innovations to enhance services and signed contracts worth over $425 million related to cloud hyperscaler alliances. Adjusted EBITDA fell to $428 million, influenced by currency movements and higher costs. The outlook for fiscal year 2023 has been updated, with expected revenues of $16.3 - $16.5 billion.

Kyndryl (NYSE: KD) has launched Kyndryl Consult, combining consulting expertise with technology integration to assist customers in navigating complex IT environments. This initiative emphasizes IT modernization through enhanced services such as cloud acceleration and application modernization. With a focus on security and resilience, Kyndryl Consult aims to deliver measurable IT transformation projects, leveraging a robust ecosystem of partners. The new approach is designed to help enterprises achieve continuous innovation and business improvement in an increasingly competitive landscape.