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Kyndryl Holdings, Inc. provides mission-critical enterprise technology services, including advisory, implementation and managed services for complex IT environments. Company news commonly covers infrastructure modernization, cloud and distributed cloud services, mainframe services, cybersecurity, public- and private-cloud work, and the Kyndryl Bridge AI-powered integration platform.
Recurring updates also include customer and government-agency contracts, systems modernization programs for motor vehicle agencies, hyperscaler collaborations such as Google Cloud work, and quarterly or annual operating results. The company's disclosures frame Kyndryl as a global IT infrastructure services provider serving customers across more than 60 countries.
Kyndryl Holdings (NYSE: KD), the world's largest IT infrastructure services provider, has announced key dates for its upcoming financial events. The company will release its Q2 FY2025 results on November 6, 2024, after market close. An earnings conference call and webcast will follow on November 7, 2024, at 8:30 a.m. ET, hosted by CEO Martin Schroeter and CFO David Wyshner.
Additionally, Kyndryl will host an Investor Day on November 21, 2024, at 9:00 a.m. ET. This event will feature discussions on market opportunities and growth strategy by the executive leadership team. Both events will be accessible via webcast on Kyndryl's investor relations website, with replays available for twelve months following the earnings call.
Kyndryl, the world's largest IT infrastructure services provider, has launched an expanded portfolio of services for Copilot for Microsoft 365 to accelerate AI adoption in the workplace. The new offerings, called Microsoft Gen AI for the workplace by Kyndryl, aim to help customers maximize the business impact of Copilot for Microsoft 365.
Kyndryl's services focus on building effective use cases, aligning data services, data extensibility, user interface design, and continuous improvement reporting. These services are designed to enhance decision-making, streamline operations, and drive digital transformation while speeding up deployment and adoption of Copilot for Microsoft 365.
The company offers customizable services, including a Copilot Value Discovery Workshop, to help organizations assess their goals and determine suitable use cases. Kyndryl's own internal survey showed that 95% of users reported saving at least 20 minutes per day in knowledge discovery alone using Copilot.
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has released its fiscal year 2024 Corporate Citizenship Report, highlighting progress in sustainability, social impact, and ethical governance. Key achievements include:
- Reducing scope 1 emissions by 9% and scope 2 market-based emissions by 8% compared to fiscal 2023
- Achieving global ISO 14001 and ISO 50001 certifications
- Diverting 99.99% of IT electronic waste from landfills
- Completing 2.3 million hours of employee training
- Launching the Kyndryl Foundation to support communities
- Achieving a 100% completion rate for Code of Conduct and cybersecurity trainings
The company also developed an AI Management System and secured a Silver EcoVadis Award, placing it in the top 15% of participating organizations.
Kyndryl's 2024 State of Mainframe Modernization Survey reveals 86% of enterprises are rapidly adopting AI to accelerate mainframe modernization. Key findings include:
- Up to 225% ROI on mainframe transformation initiatives in one year
- $11.9 billion in collective annual savings
- 96% of organizations migrating an average of 36% workloads to the cloud
- 92% emphasize the importance of a single dashboard for monitoring operations
- 77% using external providers for mainframe modernization projects
The survey highlights the critical role of mainframes in hybrid IT environments, with AI and security increasingly influencing modernization plans. However, skills shortages, especially in generative AI and security, remain a challenge for many organizations.
Kyndryl Holdings (NYSE: KD) reported its Q1 fiscal 2025 results, with revenues of $3.74 billion, a year-over-year decline of 11% (8% in constant currency). The company posted a pretax income of $64 million and net income of $11 million ($0.05 per diluted share). Adjusted EBITDA was $556 million, while adjusted pretax income increased 96% to $92 million. Kyndryl Consult saw double-digit revenue growth of 10% (14% in constant currency). The company raised its fiscal 2025 outlook, projecting an adjusted EBITDA margin of at least 16.3% and adjusted pretax income of at least $460 million. Kyndryl reaffirmed its constant-currency revenue growth outlook of -2% to -4% and expects to deliver year-over-year growth in Q4 FY2025.
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has announced its selection of the RISE with SAP solution to accelerate its cloud journey and expand its strategic alliance with SAP. As part of this expansion, Kyndryl will provide SAP services for SAP S/4HANA Cloud Private Edition, helping customers move to the cloud and tackle complex digital transformation challenges.
Kyndryl's expanded capabilities as a RISE with SAP partner will enable it to offer end-to-end services for customers' cloud transformation journeys. The company's comprehensive services include migration and transformation, data insights and AI, application development, and integrations. Kyndryl will leverage its own experience as a RISE with SAP user to accelerate and guide customers in their cloud migration efforts.
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.