Partnership will leverage Kyndryl AI services to support customer adoption of the Databricks Data Intelligence Platform NEW YORK, June 4, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced a new global strategic partnership with Databricks, the Data and AI company, to power digital transformation for customers by enabling and delivering AI at scale and by becoming data-driven organizations.By combining Kyndryl's data and artificial ...

Kyndryl (KD) 2025 Conference June 03, 2025 02:20 PM ET Speaker0 Thank you all for joining us today. I am services team here at BofA. I'm joined by David Weisner, CFO of Kindredl, and what I assume will be a very productive and exciting half hour session. So, David, thank you very much for joining us. Speaker1 Oh, Tyler, thanks very much for for having me, for having us here at the the BofA conference. Great. So you've been Speaker0 with Kindrel since the IBM spin in in 2021. So maybe it might be helpful jus ...

Financial Performance - Kyndryl achieved $15.1 billion in revenue for fiscal year 2025, ending March 31, 2025[18]. - For the fiscal year ended March 31, 2025, the company reported revenue of $15.1 billion, a decline of 6% compared to $16.1 billion in the previous year[154]. - Net income for the fiscal year 2025 was $252 million, an improvement of $592 million from a net loss of $340 million in fiscal year 2024[155]. - The company’s adjusted EBITDA for fiscal year 2025 was $2.516 billion, up from $2.367 billion in fiscal year 2024[150]. - Revenue from the United States declined by 10%, while Japan saw a 1% increase, Principal Markets revenue decreased by 5%, and Strategic Markets revenue fell by 8% compared to the previous year[155]. - Total assets were $10.452 billion, while total liabilities stood at $9.121 billion, resulting in equity of $1.331 billion[151]. - For the year ended March 31, 2025, total revenue decreased to $15,057 million, a decline of 6% compared to $16,052 million in 2024[159]. - Adjusted EBITDA for the year ended March 31, 2025, increased to $2,516 million, reflecting a 6% increase from $2,367 million in 2024[159]. - Net cash provided by operating activities increased to $942 million in 2025 from $454 million in 2024, primarily due to higher earnings[198]. - Total liabilities decreased by $347 million to $9.1 billion as of March 31, 2025, primarily due to a reduction in operating lease liabilities[195]. - Total equity increased by $209 million to $1.3 billion as of March 31, 2025, mainly due to net income in the period[196]. Market Position and Strategy - The company focuses on driving revenue growth with sustainable margins while investing in high-value, next-generation services[18]. - Kyndryl operates in over 60 countries, providing mission-critical enterprise technology services to thousands of customers[13]. - The market for Kyndryl's services is driven by digital transformation, cloud migration, and increasing data complexity[22][23]. - Kyndryl's services include cloud services, core enterprise services, application and data services, digital workplace services, security and resiliency services, and network and edge services[25]. - The company has established strategic relationships with major technology providers like Amazon Web Services, Google Cloud, and Microsoft since its spin-off[32]. - Kyndryl's competitive strengths include its intellectual property, mission-critical expertise, and a broad ecosystem of technology partners[29][32]. - The company aims to help customers realize the full value of their digital transformations by providing tailored technology solutions[33]. - The company is leveraging partnerships with key hyperscale cloud providers to expand its cloud-related capabilities and maintain tens of thousands of certifications[40]. - The company is focused on expanding its customer base and enhancing existing relationships through its three-A initiatives: Alliances, Advanced Delivery, and Accounts[37]. Workforce and Talent Management - The company has approximately 73,000 employees across more than 60 countries, with 90% working outside the U.S.[58]. - The company is committed to ongoing training and upskilling of its workforce to support technological change and customer needs[61]. - Attracting and retaining key personnel is crucial, as losing key employees could lead to productivity losses and hiring challenges[88]. - The company is committed to fostering employee engagement and building a strong culture to enhance retention and performance[66]. - The company faces intense competition for skilled employees, particularly in AI, machine learning, and software engineering, which could impact its growth strategy[89]. - The company must manage its workforce effectively to avoid negative impacts on employee engagement and retention amid changing skill demands[89]. Risks and Challenges - The company faces risks in maintaining revenue growth due to challenges in attracting new customers and retaining existing ones[76]. - Significant investments in strategic areas are necessary for long-term revenue growth, but these may adversely affect near-term results[77]. - Competition in the market may lead to decreased revenue and pressure on operating margins, particularly for contract renewals[82]. - Economic and geopolitical conditions, including inflation and currency fluctuations, could adversely affect the company's operations and customer demand[90]. - The company may experience disruptions in transactional performance as customers prioritize operational stability and cash preservation amid macroeconomic challenges[90]. - The company is at risk of service delivery issues that could lead to penalties or service credits, adversely affecting customer satisfaction and financial results[93]. - Cybersecurity threats are increasing in sophistication, posing risks to the company's technology infrastructure and potentially leading to significant financial losses[100]. - The company may incur substantial costs in responding to cybersecurity incidents, which could impact its operations and reputation[101]. - The company faces increasing compliance costs and risks due to complex global regulations related to cybersecurity, data governance, and privacy[102]. - The evolving legal landscape may impose significant costs and operational changes, potentially affecting the company's ability to offer certain services[105]. - Legal proceedings and investigatory risks may arise from the company's global operations, potentially leading to significant liabilities[108]. - Environmental regulations could result in cleanup costs and fines, negatively impacting the company's reputation and demand for its products[110]. - The company is exposed to currency risk, which can adversely affect revenue and business operations due to fluctuations in foreign exchange rates[117]. - Changes in market liquidity conditions and customer credit risk could negatively impact the company's financial performance and access to capital[115]. - The company's pension plans may be adversely affected by financial market conditions, impacting future estimated pension liabilities[116]. Corporate Governance and Financial Policies - The company has not paid cash dividends on its common stock since its separation from IBM, with future dividends dependent on various factors[139]. - A share repurchase program of up to $300 million was authorized in November 2024, with $94 million spent to repurchase 2.6 million shares during the year ended March 31, 2025[141]. - The company is in compliance with its debt covenants, maintaining a ratio of indebtedness for borrowed money to consolidated EBITDA of no greater than 3.50 to 1.00[208]. - Provisions in the company's governance documents may discourage takeovers and limit stockholder power, potentially affecting acquisition opportunities[118].

Core Insights - A global study by Kyndryl reveals a significant gap between AI investment and workforce preparedness, with only a small number of organizations aligning their workforce strategies with AI growth [1][2] - Organizations that prioritize workforce readiness are positioned to achieve better returns on AI investments [1][4] Workforce Readiness - The survey included over 1,000 senior executives across 25 industries and eight geographies, highlighting that workforce readiness varies significantly by industry, with Banking, Financial Services, and Insurance showing the highest levels of preparedness, while Healthcare lags behind [2] - 71% of business leaders believe their workforces are not ready to leverage AI effectively, and 51% feel their organizations lack the skilled talent necessary for AI management [6][5] AI Adoption and Use Cases - Only 14% of companies are deploying AI for commercial use while simultaneously future-proofing their workforces [5] - Generative AI tools are the most popular use case, yet only 40% of leaders utilize AI-powered insights for decision-making or growth [3] Barriers to AI Adoption - AI Pacesetters, a small subset of organizations, are addressing key barriers to AI adoption and are three times more likely to have a fully implemented change management strategy [7] - These Pacesetters are 29% less likely to report employee trust issues regarding AI and are 67% more likely to have tools for accurately assessing employee skills [7] Leadership Perspectives - CEOs are more likely than CIOs and CTOs to view their organizations as being in the early stages of AI adoption and are more inclined to seek outside talent rather than upskill existing employees [4] - Aligning technology strategies with broader business goals is crucial for maximizing the benefits of AI, as noted by Kyndryl's leadership [8]

NEW YORK, May 28, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced that it is working with the Virginia Department of Motor Vehicles (DMV) to modernize the customer experience. The initiative aims to speed up and improve the processing of over 200,000 transactions daily.The Virginia DMV has engaged Kyndryl to replace its Citizen Services Solution (CSS) with a cloud-native architecture to power its vehicle, driver and business app ...

I am optimistic about Kyndryl Holdings, Inc. (NYSE: KD ), driven by a $1 billion adjusted free cash flow forecast by 2028. The company continues to generate more cash from its operations, especially from the cloud services atFirst Principles Partners is an equity research analyst specializing in technology, innovation, and sustainability investment. My unique approach, "First Principles," involves breaking down complex problems to their most basic elements in terms of financial and technology, enabling me t ...

Core Insights - Investors in Kyndryl Holdings, Inc. should monitor the stock closely due to significant movements in the options market, particularly the June 20, 2025 $17 Put, which has high implied volatility [1] Company Overview - Kyndryl Holdings is currently ranked 3 (Hold) in the Technology Services industry, which is in the top 18% of the Zacks Industry Rank [3] - Over the last 60 days, there have been no changes in earnings estimates from analysts for the current quarter, with the Zacks Consensus Estimate increasing slightly from 49 cents per share to 50 cents [3] Market Sentiment - The high implied volatility suggests that options traders are anticipating a significant price movement for Kyndryl Holdings shares, indicating potential trading opportunities [4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming for the underlying stock to not move as much as expected by expiration [4]

Investment to accelerate France's digital transformation and economic growth with a focus on new hires, AI private cloud services and a digital hub in Sophia-AntipolisPARIS, May 19, 2025 /PRNewswire/ -- As part of "Choose France," Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, announced that it will invest up to €100 million over three years in France to strengthen the country's capabilities in data, artificial intelligence (AI) and cyber resilience."I welcome the ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Kyndryl Holdings, Inc. (KD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Kyndryl Holdings, Inc. currently has an average bro ...

Launches first employer brand campaign: progress with purposeNEW YORK, May 16, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, is proud to be Certified™ by Great Place To Work® in the United States, India, Japan, Czechia, France, Hungary, Israel, Italy, Poland and the United Kingdom. This is the second year Kyndryl received this prestigious award, which is based on what current employees say about their experience working at Kyndryl, and approx ...