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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.
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Kyndryl Holdings, Inc. (NYSE: KD) will announce its fourth quarter and full year results for the period ending March 31, 2023, on May 16, 2023, after market close. The company's Chairman and CEO, Martin Schroeter, along with CFO David Wyshner, will host an earnings call on May 17, 2023, at 8:30 a.m. ET. Investors can access the live webcast via Kyndryl's investor relations website, with a slide presentation available shortly before the call.
Kyndryl provides IT infrastructure services globally, supporting numerous enterprise customers across more than 60 countries.
Kyndryl (NYSE: KD) has launched the Kyndryl Data and AI Console, a new solution that enhances data governance and observability. This console integrates data operations, allowing organizations to monitor their data from creation to consumption, improving decision-making processes. Key features include automated tagging, data lineage tracing, and risk mitigation support, which facilitate a unified view of the data lifecycle. Built with an open architecture, the console can seamlessly integrate into existing technology environments, leveraging prior investments while promoting modernization. For more details, visit www.kyndryl.com/us/en/services/data.
Kyndryl has announced a 5-year agreement with Delta Air Lines to enhance IT resiliency and scalability. This partnership aims to support Delta's operational systems, including crew scheduling, maintenance documentation, and customer relations. With air travel returning to pre-pandemic levels, Delta relies heavily on flexible IT infrastructure to manage over 4,000 daily flights. Kyndryl’s experience in IT services is crucial for Delta to achieve reliability and innovate further. Kyndryl's long-standing relationship with Delta emphasizes their commitment to excellence in airline service.
Kyndryl and Nokia have announced a three-year extension of their global partnership to develop LTE and 5G private wireless services and Industry 4.0 solutions. The partnership includes Kyndryl achieving Nokia's Digital Automation Cloud (DAC) Advanced accreditation. A new innovation lab will open in Raleigh, North Carolina, focusing on integrated wireless connectivity and advanced security models. With over 100 active engagements globally, the collaboration aims to drive digital transformations in industrial sectors, notably involving enterprises such as Dow Chemical, enhancing worker safety and operational efficiency.
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.