Poised for ongoing annual revenue growth, margin expansion and significant cash flow generation Board authorizes $300 million share repurchase programNEW YORK, Nov. 21, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today hosted its 2024 Investor Day.  At the event, senior management outlined the Company's growth strategy, multi-year outlook and capital allocation priorities, including initiating a $300 million share repurchase program."Sinc ...

NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that its Board of Directors has authorized a $300 million share repurchase program."Our share repurchase authorization reflects the confidence we have in our business and our outlook for profitable growth," said Martin Schroeter, Kyndryl Chairman and Chief Executive Officer.  "Our significant progress in expanding our margins and generating free cash flow is all ...

New Kyndryl services, co-developed with Microsoft, provide augmented security operations and fortify Kyndryl's cyber resilience frameworkNEW YORK, Nov. 14, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today introduced a new suite of services, co-developed with Microsoft, to enhance cyber resilience for businesses globally.Kyndryl and Microsoft have built upon their successful, long-standing partnership to develop differentiated, scalable security and resi ...

Microsoft selects Kyndryl to drive customers' transformation to RISE with SAP® NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced an expanded collaboration with Microsoft to support customers' modernization journeys. Given Kyndryl's end-to-end services and deep SAP expertise, Microsoft has selected Kyndryl to participate in its RISE with SAP migration program to support customers' transformation journeys.  With 94% of executiv ...

End-to-end services help drive innovation and gain more value from mainframe applications and dataNEW YORK, Nov. 14, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today launched a portfolio of new end-to-end services that offer enterprises a comprehensive path to modernizing their mainframe applications with the Microsoft Cloud. These new services will accelerate mainframe application migration while unlocking AI insights and generative AI capabilities thr ...

Kyndryl AI private cloud supports customer testing and adoption using the Dell AI Factory with NVIDIAPrivate AI cloud is also available to Japanese academic institutions for AI research and innovationTOKYO, Nov. 13, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today launched a dedicated AI private cloud designed to enable AI innovation in Japan. Supported by a collaboration with Dell Technologies using the Dell AI Factory with NVIDIA, Kyndryl is establish ...

NEW YORK, Nov. 12, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, will host an Investor Day event on Thursday, November 21 at 9:00 a.m. ET, as previously announced.Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner, along with additional members of the executive leadership team, will discuss Kyndryl's market opportunities and growth strategy.To watch the live video webcast of the event, please visi ...

Kyndryl's fiscal Q2 report delivered good news for investors on key fronts.Kyndryl (KD 13.05%) stock is posting big gains following the company's recent quarterly report. The IT giant's share price was up 13.4% as of 2:15 p.m. ET. Meanwhile, the S&P 500 (^GSPC 0.58%) was up 0.6%.After the market close yesterday, Kyndryl published results for the second quarter of its 2025 fiscal year, which ended Sept. 30. The company posted sales and earnings for the period that were better than Wall Street had anticipated ...

Kyndryl Holdings, Inc. (KD) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 114.29%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.13, delivering a surprise of 8.33%.Over the last four quarters, t ...

Revenues for the quarter ended September 30, 2024 total $3.8 billion, pretax loss is $5 million, and net loss is $43 million Adjusted EBITDA is $557 million, adjusted pretax income is $45 million, and adjusted net income is $3 million Kyndryl Consult again delivers double-digit revenue growth in the quarter and over the last twelve months Reaffirms outlook for fiscal year 2025, including constant-currency revenue growth in the fourth quarter, supported by a record level of post-spin signings in the most re ...