Kyndryl Hldgs Inc Stock Price, News & Analysis

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.

Kyndryl (NYSE: KD) has partnered with Veritas Technologies to deliver comprehensive data protection services globally. This collaboration aims to enhance data management for enterprises transitioning to multi-cloud environments. Kyndryl will provide Veritas' leading data management portfolio as a fully managed service, named 'Protection and Cyber Resiliency, Powered by Veritas.' The partnership addresses key challenges such as cyber threats and complex data management, enabling enterprises to safeguard critical data efficiently.

Kyndryl (NYSE: KD) and Cisco have announced a strategic partnership aimed at assisting businesses in their transition to data-driven operations using Cisco's technology and Kyndryl's managed services. The collaboration will focus on providing cloud services, enhanced IT management, and advanced security solutions. Key offerings will include private cloud services, network solutions, and software-defined networking. The partnership is set to support businesses globally in digital transformation and effective IT management, leveraging both companies' extensive expertise.

Kyndryl (NYSE: KD) has been recognized as a Leader in the Gartner May 2022 'Magic Quadrant for Managed Mobility Services, Global.' This report evaluates vendors based on their vision and execution capabilities. Kyndryl's advanced technology, strategic partnerships, and data-driven approach enhance its device management lifecycle. The company offers comprehensive advisory, implementation, and management services to optimize the user experience across various devices and hybrid workplaces. For more details, visit Kyndryl's Digital Workplace Services.

Kyndryl Holdings (NYSE: KD) announced that CEO Martin Schroeter and CFO David Wyshner will speak at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, at 2:10 p.m. ET. The event will address company business and financial performance. Interested parties can listen to the live webcast via Kyndryl's investor relations website, with a replay available approximately 24 hours later. Kyndryl is the largest IT infrastructure services provider globally, serving over 4,000 customers in more than 60 countries, including 75% of the Fortune 100.