Kyndryl Hldgs Inc Stock Price, News & Analysis

Kyndryl Holdings (NYSE: KD), the largest IT infrastructure services provider globally, announced that CFO David Wyshner will speak at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 9:30 a.m. ET. The discussion will include insights on the company's business and financial performance. Interested parties can listen to the live webcast on Kyndryl's investor relations website, with a replay available 24 hours post-event.

Kyndryl has been recognized by Gartner for its exceptional performance in data center outsourcing and hybrid infrastructure managed services, scoring the highest among 19 vendors with a rating of 4.45 out of 5. This acknowledgment reflects Kyndryl's expertise in legacy data center services, which include mainframe management and cloud integration. CEO Petra Goude emphasized the importance of Kyndryl's infrastructure services in supporting hybrid cloud environments, particularly for clients managing critical enterprise systems. For detailed insights, the full Gartner report is available through their website.

On August 17, 2022, Kyndryl and EY US announced a strategic alliance aimed at assisting clients with digital transformation. This partnership combines Kyndryl's expertise in IT infrastructure services with EY's consulting capabilities in areas like cybersecurity and asset management.

The alliance intends to provide comprehensive solutions, addressing the complexities and risks associated with digital transformation. Both companies emphasize their commitment to helping clients modernize their operations and navigate the rapidly changing technological landscape.

Kyndryl (NYSE: KD) has announced a global partnership with Five9 (NASDAQ: FIVN) to enhance cloud-based contact center solutions. This collaboration aims to provide personalized experiences for customers and employees while enabling businesses to transition legacy contact centers to the cloud. The partnership combines Kyndryl's Digital Workplace Services with Five9's cloud technology, facilitating modernized service desk capabilities and IT support globally. As a result of this agreement, Kyndryl is recognized as a Five9 Gold Partner in 2022.

Kyndryl Holdings, Inc. (NYSE: KD) reported revenues of $4.3 billion for the quarter ended June 30, 2022, representing a 10% year-over-year decline. The company faced a net loss of $250 million and a pretax loss of $205 million, though the net loss improved from $389 million in the prior year. Adjusted EBITDA decreased to $491 million from $749 million. Kyndryl reaffirmed its fiscal 2023 revenue forecast of $16.3 to $16.5 billion, adjusting for currency effects. The company highlighted progress in its key initiatives, including cloud partnerships and cost-saving measures.

Kyndryl (NYSE: KD), the largest IT infrastructure services provider, introduced a Recovery Retainer Service to aid clients in recovering from cyber incidents like ransomware. This service goes beyond standard incident response retainers by providing on-demand access to qualified cyber recovery experts, enhancing organizations' preparedness for cybersecurity threats. The service aims to mitigate the impacts of attacks, ensuring rapid restoration of operations and offering comprehensive recovery actions that include data restoration and system cleaning.

Kyndryl (NYSE: KD), the largest IT infrastructure services provider, announced a multi-year agreement with American Honda Motor Company (NYSE: HMC) to support its infrastructure transformation in the U.S. This partnership aims to enhance AHM's efficiency, enabling innovation across manufacturing, research, finance, and sales operations. Kyndryl will integrate on-premises and cloud solutions to streamline IT operations, ultimately modernizing Honda's infrastructure. The collaboration is positioned to improve customer experiences and support Honda's future electrification strategy.

Kyndryl Holdings (NYSE: KD) will announce its quarterly results for the period ending June 30, 2022, on August 3, 2022, after market close. An earnings call will follow on August 4, 2022, at 8:30 a.m. ET, hosted by CEO Martin Schroeter and CFO David Wyshner. The call can be accessed via the company's investor relations website or by phone, with replays available for twelve months online and for two days by telephone. Kyndryl is the largest IT infrastructure services provider globally, serving over 4,000 clients across more than 60 countries.

Kyndryl (NYSE: KD) has partnered with Oracle to enhance its cloud services offerings, positioning itself as a key delivery partner for Oracle Cloud Infrastructure (OCI). This collaboration aims to support customers in modernizing their applications and databases, improving security, and reducing costs. Kyndryl plans to leverage Oracle technologies to create solutions in data modernization, AI innovations, and more. With a global reach in 53 countries, Kyndryl aims to help enterprises efficiently migrate their critical workloads to the cloud, while enhancing its managed services capabilities.