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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 (NYSE: KD) announces a five-year partnership with Swiss Krono to enhance its IT infrastructure by migrating to SAP S/4HANA®. This initiative aims to standardize IT operations and support faster innovation while focusing on new business opportunities. Swiss Krono, a leader in wood-based materials, seeks to connect its global plants, enhancing operational efficiency through a unified view of its systems. Kyndryl's managed services will facilitate this transition, promising improved business processes and a lower total cost of ownership.
Kyndryl (NYSE: KD) has partnered with SSW Pragmatic Solutions to develop AQUILA, an AI-powered platform aimed at enhancing document analysis in the real estate sector. AQUILA automates the reading and summarization of lease agreements, reducing a potentially months-long process to mere hours or seconds per document. This initiative is designed to help real estate stakeholders navigate compliance and cost management amid economic uncertainties. The platform supports Polish, English, and German languages, and can be deployed on various cloud systems or on-premise.
Kyndryl (NYSE: KD) has announced an expanded strategic partnership with SAP aimed at developing solutions for digital business transformation. This collaboration will utilize SAP's Business Technology Platform and Kyndryl's expertise in AI and cyber resiliency to facilitate cost-effective cloud migration for customers. Services will include modernization for SAP software, data integration, and cyber recovery solutions. The partnership reinforces Kyndryl's role in enhancing operational efficiency and business visibility for various industries through the RISE with SAP initiative.
Kyndryl (NYSE: KD) has expanded its partnership with Dell Technologies to enhance cyber resilience for customers. This collaboration focuses on using data optimization and infrastructure management to protect critical business assets from cyber threats. Key offerings include Cyber Incident Recovery, utilizing Dell's offline 'air-gapped' data vault to ensure data integrity. Kyndryl has also been recognized as a Titanium Black Global Partner by Dell, positioning them to better support digital transformation efforts for clients. This alliance aims to improve data availability and expedite recovery from cyber incidents.
Kyndryl (NYSE: KD), the largest IT infrastructure services provider, will announce its quarterly results for the period ending March 31, 2022, after market close on May 4, 2022. The earnings conference call will be held on May 5, 2022, at 8:30 a.m. ET, hosted by Chairman and CEO Martin Schroeter and CFO David Wyshner. Investors can access the live webcast on the company's investor relations website. Kyndryl serves over 4,000 customers globally, including 75% of Fortune 100 companies.
Kyndryl (NYSE: KD) recently honored 14 exceptional professionals in its inaugural class of Distinguished Engineers, recognizing their contributions in IT infrastructure and services. The program now includes over 80 Distinguished Engineers globally. Recognized individuals from various countries excel in areas such as hybrid cloud technology, cyber-resilience, and human-centered design. Kyndryl emphasizes mentorship, partnering with TEACH to promote STEM education for children facing health challenges.
Kyndryl (NYSE: KD) has secured a five-year, $160M contract with Motiva Enterprises, North America's largest refinery, to enhance its IT services and support its digital transformation. The partnership aims to streamline Motiva's transition to a hybrid multi-cloud setup, improving operational efficiency and backend workflows. As supply chain disruptions challenge the oil and gas sector, Kyndryl's expertise will aid Motiva in optimizing IT costs and achieving critical business efficiencies.
Kyndryl and Lenovo announced an expansion of their global partnership on March 23, 2022, to enhance hybrid cloud solutions and edge computing. This collaboration aims to provide customers with scalable solutions for distributed applications by utilizing automation and differentiated IT services. With a focus on meeting evolving business needs, the partnership is designed to leverage Kyndryl's managed services expertise alongside Lenovo's strong portfolio in PCs, servers, and storage, facilitating integrated edge-to-cloud solutions.
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.