Welcome to our dedicated page for Kyndryl Hldgs news (Ticker: KD), a resource for investors and traders seeking the latest updates and insights on Kyndryl Hldgs stock.
Kyndryl Holdings, Inc. (NYSE: KD) is a provider of mission-critical enterprise technology services, and the news surrounding KD reflects its focus on IT infrastructure, AI and large-scale transformation projects. The company’s press releases highlight advisory, implementation and managed services that support complex information systems for thousands of customers in more than 60 countries, making its news flow relevant to investors and technology professionals who follow enterprise IT trends.
News about Kyndryl often covers developments in AI and agentic AI, such as the launch of the Kyndryl Agentic AI Framework, new agentic AI services for mainframe environments and offerings like Kyndryl Agentic AI Digital Trust, which address governance and security for AI agents. The company also issues updates on services like its Quantum Safe Assessment, which focuses on preparing organizations for post-quantum cryptography and long-term data protection.
Kyndryl’s announcements frequently describe customer and partner collaborations, including multi-year agreements with large enterprises, work with telecommunications providers on automated IT operations and cyber resilience, and collaborations with universities and global technology partners. These stories illustrate how Kyndryl applies its mission-critical services, AI frameworks and platforms such as Kyndryl Bridge in real-world settings.
Visitors to the KD news page can review updates on topics such as enterprise AI adoption, IT modernization, security and resiliency, sustainability-related research and workforce transformation in the context of AI. This news feed helps readers understand how Kyndryl positions its services, how it responds to emerging technology challenges and how its initiatives may influence its role in the enterprise technology services market over time.
Kyndryl (NYSE: KD) has formed a global partnership with Cloudera to enhance customer data transformation in hybrid and multicloud environments. The collaboration involves establishing a joint innovation center focused on Cloudera Data Platform migrations and upgrades, alongside managed services to improve reliability. Kyndryl's expertise in IT infrastructure will complement Cloudera's data capabilities, enabling customers to modernize their data ecosystems effectively. This partnership aims to tackle complexities in cloud migration, thus driving greater business value.
Kyndryl Holdings (NYSE:KD) reported its Q4 and full-year 2021 results, with Q4 revenues of $4.6 billion, down 8% year-over-year. The company incurred a pretax loss of $732 million, including a $469 million goodwill impairment. The full-year revenue was $18.7 billion, reflecting a 4% decline, with a net loss of $2.3 billion. Kyndryl outlined three major growth initiatives aimed at capturing $1 billion in signings linked to cloud hyperscalers and saving $200 million in costs by FY 2023. Recent partnerships with major tech firms like Microsoft and Google Cloud were also highlighted.
Kyndryl (NYSE: KD) has announced a strategic partnership with Amazon Web Services (AWS) to enhance enterprise cloud services. This collaboration aims to help customers transform their businesses through focused industry solutions and advanced cloud technologies. Kyndryl plans to establish an AWS Cloud Center of Excellence and develop an accelerator for VMware Cloud on AWS, emphasizing their goal to assist large enterprises in migrating to the cloud. The partnership will also involve upskilling over 10,000 employees in AWS competencies by the end of 2022.
Kyndryl (NYSE: KD) and Nokia have formed a global network and edge computing alliance to support enterprise digital transformations through secure LTE and 5G private wireless networking. This partnership builds on previous successful projects, focusing on Industry 4.0 applications, enhancing worker safety, and asset tracking for companies like Dow Inc. The collaboration aims to provide innovative, mission-critical solutions while leveraging existing LTE for future 5G advancements, ultimately transforming operations in asset-heavy industries.
Kyndryl has been awarded the 2021 Global Managed Enterprise Resource Planning Enabling Technology Leadership Award by Frost & Sullivan. This recognition highlights Kyndryl's expertise in modernizing and managing critical ERP workloads. The company enhances customer experience through an agile management structure and a newly developed managed services platform. Kyndryl's commitment to innovation is evident in its application of AI and a curated data lake for optimizing ERP applications. With a focus on customer satisfaction and technological advancements, Kyndryl demonstrates high potential in the ERP industry.
Kyndryl (NYSE: KD) and Pure Storage (NYSE: PSTG) have announced a global alliance to enhance IT solutions for enterprises. This partnership aims to combine Kyndryl’s IT infrastructure expertise with Pure Storage’s advanced technology for mission-critical applications. By integrating their capabilities, they intend to tackle challenges related to multicloud management and automation, providing cyber resiliency at the storage layer. The offerings will be available as-a-service, promoting flexible consumption models to optimize data management and modernization initiatives.
Kyndryl Holdings (NYSE:KD) announced new geographic reporting segments aimed at improving business performance analysis. The segments include the United States, Japan, Principal Markets, and Strategic Markets, with a focus on revenue and adjusted EBITDA metrics. CFO David Wyshner emphasized that these changes will enhance investor insights into the company's growth and profitability. Additionally, Kyndryl will shift its fiscal year-end to March 31, starting April 2022, to better align with customer timelines. Fourth quarter results will be released on February 28, 2022.
Kyndryl Holdings received an unsolicited mini-tender offer from TRC Capital Investment Corporation on December 10, 2021. TRC seeks to buy up to 5 million shares, approximately 2.23% of Kyndryl's outstanding shares, at $17.35 per share, which is 4.51% below the market value at that time. Kyndryl does not endorse this offer and urges shareholders not to tender their shares, advising them to check current market quotes and consult with financial advisors. The SEC warns that mini-tender offers can be below market price, lacking investor protections.
Kyndryl (NYSE: KD) announced the establishment of a new bilingual technology services center in Montréal, Québec, projected to create nearly 500 IT jobs over the next five years. This center aims to meet the rising demand for cloud skills and enhance delivery of digital transformation services for Canadian organizations. Currently, over 100 IT roles have been filled, with new hires receiving training in cloud platforms, automation, and cybersecurity. The center underscores Canada's potential as a tech innovation hub and is aligned with the country's economic recovery efforts post-COVID-19.
Kyndryl (NYSE: KD) and Viewpointe have entered a multi-year agreement to migrate Viewpointe's IT infrastructure to Microsoft Azure. The multi-million dollar collaboration aims to enhance flexibility, speed, and scalability of Viewpointe's managed services for the financial sector. The partnership will also focus on developing best practices for optimizing cloud operations. With this shift, Viewpointe seeks to innovate its offerings and maintain compliance and security for its clients, while Kyndryl aims to leverage its expertise to bolster Viewpointe's competitiveness.
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