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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.
Kyndryl Holdings, Inc. (NYSE: KD) has extended the expiration date for its exchange offers of outstanding unregistered senior notes. Initially set to expire on September 19, 2022, the new deadline is now September 23, 2022. The exchange offers aim to exchange unregistered notes for new issues of senior notes registered under the Securities Act of 1933. As of the original expiration, significant participation was noted with 664.37 million of $700 million (94.9%) of 2.050% Senior Notes due 2026 tendered. The extension allows more time for remaining notes to be exchanged.
Kyndryl (NYSE: KD) has launched Kyndryl Bridge, an innovative open integration platform designed to enhance IT management for enterprises. This platform offers real-time insights and interoperability, significantly improving operational efficiency. With a reported 74% reduction in incidents per server, it aims to support digital transformation efforts amid rising technology complexity. The launch aligns with the growing demand for advanced IT solutions, as 60% of CIOs prioritize digital modernization. Kyndryl's commitment to enhancing customer service through advanced analytics and partnerships is central to its growth strategy.
Kyndryl (NYSE: KD) has partnered with Québec Running Events Corporation to support the 21.1K marathon during the Beneva Québec City Marathon from September 30 to October 2. This initiative will highlight the volunteer experience and engage Kyndryl's workforce, who will support various aspects of the event, including a Kyndryl-branded water station. Additionally, Kyndryl will contribute over 2,000 volunteer T-shirts and plant one tree for each volunteer, totaling more than 2,000 trees. This partnership emphasizes Kyndryl's commitment to community and environmental sustainability.
Kyndryl (NYSE: KD), the leading IT infrastructure services provider, has attained Cisco Global Gold Integrator status—the highest level of partnership with Cisco. This recognition underscores Kyndryl's capability to deliver advanced solutions and guarantees that expert resources are available globally. Achieving this status involved meeting stringent Key Performance Indicators and metrics related to Cisco's performance and customer satisfaction. The partnership aims to enhance digital modernization and cloud acceleration through various innovative networking solutions, including 5G and multi-network WAN offerings.
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.