The latest trading session saw Kyndryl Holdings, Inc. (KD) ending at $24.33, denoting a -0.33% adjustment from its last day's close. This change lagged the S&P 500's 0.05% loss on the day. Elsewhere, the Dow saw a downswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.18%.The company's stock has climbed by 3.34% in the past month, falling short of the Business Services sector's gain of 3.48% and outpacing the S&P 500's gain of 2.76%.The upcoming earnings release of Kyndryl Holdings, Inc. will be o ...

Inaugural global study, with exclusive data from AI-powered Kyndryl Bridge, shows how executives rank risks, prioritize investments, and balance technology and talent Security and regulations top lists of executives' concerns AI return on investment limited by skills, compliance, compatibility End-of-life technology a top challenge for CEOs Talent drives overall readiness NEW YORK, Oct. 16, 2024 /PRNewswire/ -- Kyndryl today released the 2024 Kyndryl Readiness Report, which explores the paradox of why 90% o ...

Company will host earnings call on November 7, 2024 and Investor Day on November 21, 2024 NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it will release results for the quarter ended September 30, 2024, the second quarter of its 2025 fiscal year, after market close on Wednesday, November 6, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an ...

Core Insights - Kyndryl has launched an expanded portfolio of services around Copilot for Microsoft 365 to enhance AI adoption in the workplace [1] - The new services aim to maximize the business impact of Copilot for Microsoft 365 by aligning data services, user interface design, and continuous improvement reporting [2][5] - Kyndryl's consult-led approach includes a Copilot Value Discovery Workshop to help organizations leverage AI capabilities effectively [4] Company Strategy - Kyndryl is leveraging its extensive experience in IT transformation and Copilot deployment to build new services [5] - The company emphasizes a trusted environment for customers to explore the benefits of Copilot for Microsoft 365, aiming to drive efficiencies and improve business outcomes [3] - Kyndryl's collaboration with Microsoft focuses on innovation and expanding revenue opportunities in areas like data modernization and AI [6] Customer Engagement - Kyndryl's services are customizable to meet the specific AI plans and needs of individual customers [3] - The company provides a range of advisory, implementation, and managed services to support customers in achieving their goals [3] - An internal survey indicated that 95% of users experienced a time savings of at least 20 minutes per day in knowledge discovery, highlighting the potential ROI from using Copilot for Microsoft 365 [5]

NEW YORK, Sept. 27, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today released its fiscal year 2024 Corporate Citizenship Report. Kyndryl's report demonstrates the Company's advancements in driving sustainable and continued progress for its stakeholders through innovation, environmental stewardship and social impact. "Kyndryl set ambitious goals for building our sustainability practice, supporting our people and communities, and upholding ethical governa ...

The most recent trading session ended with Kyndryl Holdings, Inc. (KD) standing at $23.01, reflecting a +1.37% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.4%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.6%. Shares of the company have depreciated by 2.2% over the course of the past month, underperforming the Business Services sector's gain of 4.05% and the S&P 500's gain of 1.71%. The upcoming earnings re ...

Kyndryl Holdings, Inc. (KD) closed at $22.98 in the latest trading session, marking a -0.65% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.03% for the day. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%. Shares of the company have depreciated by 1.74% over the course of the past month, underperforming the Business Services sector's gain of 4.61% and the S&P 500's gain of 1.54%. The investment community will be paying close attention t ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? 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, I ...

Respondents also report up to 225% return on investment on their mainframe transformation initiatives in one year Mainframes continue to play a critical role in hybrid IT environments NEW YORK, Sept. 10, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today released the results of its second annual State of Mainframe Modernization Survey, declaring that 2024 is the year of AI adoption on the mainframe. The survey also reaffirmed that while modernization proj ...

Revenue and Financial Performance - Revenue for the three months ended June 30, 2024 was $3.7 billion, a decline of 11% compared to the prior-year period[103] - Revenue for the three months ended June 30, 2024 was $3.739 billion, a decrease of 11% compared to $4.193 billion in the same period in 2023[114] - United States revenue decreased 15% to $986 million, driven by efforts to reduce low-margin revenues[108] - Japan revenue decreased 7% to $569 million, with a 6% increase in constant currency[110] - Principal Markets revenue decreased 5% to $1.3 billion, but adjusted EBITDA increased 60% to $241 million[111] - Strategic Markets revenue decreased 15% to $869 million, with adjusted EBITDA declining 20% to $120 million[112] Net Income and Adjusted EBITDA - Net income improved to $11 million, a $152 million increase from the prior-year period[103] - Adjusted EBITDA for the three months ended June 30, 2024 was $556 million, a decline of 9% compared to the prior-year period[106] - Corporate and other had an adjusted EBITDA loss of $21 million, compared to a loss of $24 million in the prior-year period[113] Cost Management and Efficiency - Cost of services decreased to 78.5% of revenue in Q2 2024 from 82.3% in Q2 2023, driven by lower depreciation expenses and increased operating efficiencies[114] - Workforce rebalancing charges were $36 million in Q2 2024, a decrease of 38% from $58 million in Q2 2023[114][116] - The company expects workforce rebalancing and site-rationalization activities to reduce costs by over $200 million in fiscal year 2026[117] Cash Flow and Financial Position - Net cash used in operating activities improved to $48 million in Q2 2024 from $173 million in Q2 2023, driven by increased net income and better receivables collection[124] - Total assets decreased by $427 million to $10.2 billion as of June 30, 2024, primarily due to a $284 million decrease in cash and cash equivalents[121] - Gross proceeds from receivables sold to third parties were $0.8 billion in Q2 2024, down from $1.2 billion in Q2 2023[134] Debt and Financing - The company completed a $500 million senior unsecured notes offering in February 2024 with a 6.35% interest rate due 2034[130] - The revolving credit facility of $3.15 billion remains undrawn as of June 30, 2024, with the agreement expiring in October 2026[131] - The company initiated a supplier financing program with a third-party financial institution, offering suppliers early payment at a discounted amount, with average invoice terms of 90 to 120 days[135] - The company's obligations under the supplier financing program are recognized as accounts payable, with immaterial outstanding obligations as of June 30, 2024, and March 31, 2024[135] Risks and Challenges - Forward-looking statements in the report include risks such as failure to attract or retain customers, competition, and impacts from economic, political, and public health conditions[137] - Risks related to cybersecurity, data governance, and privacy are highlighted as potential challenges for the company[137] - The company faces risks from currency fluctuations, pension plans, and changes in market liquidity conditions[138] - Legal proceedings, tax matters, and environmental issues are identified as additional risks[138] - The company's ability to manage acquisitions and dispositions, including integration challenges and higher debt levels, is a noted risk[137] - Risks related to the company's spin-off from IBM and deficiencies in information technology controls are mentioned[138] Accounting and Reporting - No changes were made to the company's critical accounting policies and estimates as described in the Annual Report on Form 10-K for the fiscal year ended March 31, 2024[136] - The company routinely posts material information on its corporate and Investor Relations websites, which is not incorporated into SEC filings[140] Business Development and Signings - Total signings increased by 11% to $3.1 billion in Q2 2024 compared to $2.8 billion in Q2 2023[127]