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.
Banco de Crédito del Perú (BCP) has partnered with Microsoft and Kyndryl to invest over $650M in modernizing its IT infrastructure with hybrid cloud technology on Azure. This initiative aims to enhance BCP's digital customer experience and maintain top-tier cybersecurity, representing one of the largest tech investments in Latin America's financial sector. BCP's CEO, Diego Cavero, emphasized that this digitalization effort will improve financial inclusion in Peru. Mario Rodríguez from Microsoft highlighted the collaboration's potential to drive innovation and support small businesses. The project will improve BCP's digital channels, benefiting millions of customers with smoother online and mobile experiences. Currently, 72% of BCP's customers are digital, with its mobile banking and Yape applications being the most used in Peru.
Kyndryl (NYSE: KD) reported Q2 FY2025 results with revenues of $3.8 billion, showing a 7% year-over-year decline. The company posted a net loss of $43 million ($0.19 per share), improving from a $142 million loss in the prior year. Total signings reached a record $5.6 billion, up 132% year-over-year. Kyndryl Consult showed strong performance with 23% revenue growth. The company reaffirmed its FY2025 outlook, expecting constant-currency revenue growth in Q4, adjusted EBITDA margin of at least 16.3%, and adjusted pretax income of at least $460 million.
Kyndryl (NYSE: KD) has completed the sale of its Securities Industry Services (SIS) platform in Canada to Broadridge Financial Solutions. SIS is a transaction processing platform serving the securities brokerage industry. This transaction follows a previously announced agreement between the companies.
Kyndryl's 2024 Readiness Report reveals a paradox in IT infrastructure readiness. While 90% of executives believe their IT is best-in-class, only 39% think it's future-ready. The report, based on feedback from 3,200 senior decision-makers and insights from Kyndryl Bridge, highlights key challenges:
1. AI ROI is , with only 42% seeing positive returns.
2. 44% of mission-critical IT infrastructure is approaching or at end-of-life.
3. Over 40% of leaders face technology skills gaps.
4. 65% of executives worry about cyber-attacks, but only 30% feel prepared.
5. Regulatory concerns are high, with 48% believing the pace is too fast.
The report emphasizes the importance of balancing technology and talent, addressing end-of-life technology challenges, and fostering collaboration between business and technology leaders to enhance readiness in a rapidly changing business landscape.
Akamai Technologies (NASDAQ: AKAM) and Kyndryl (NYSE: KD) have announced a collaboration to offer Zero Trust Segmentation Services. Kyndryl teams worldwide are certified to provide implementation and managed services for Akamai Guardicore Segmentation under the Guardicore certified Service Provider (GcSP) program. This collaboration aims to help customers accelerate Zero Trust implementations and address evolving cybersecurity challenges.
The partnership combines Kyndryl's consulting expertise with Akamai's technology to offer a seamless solution for designing and achieving Zero Trust, segmentation, and network security objectives. The service helps increase cyber resiliency by limiting lateral movement of threats and securing organizational assets and data through robust authentication methods and real-time, risk-based access policies.
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.