How the West reacts to the current spate of provocations has big implications, not only for the immediate security of Europe and East Asia, but also for the future of America’s alliances https://t.co/PwGVcs2GTR ...

to be in China today with a massive show of force and a military parade in Beijing showing off the country's hypersonic missiles, the drones, the fighter jets, and a lot more. President Xi Jinping hosted his Russian and North Korean counterparts for the grand event. And President Trump, well, he sort of sent his regards, writing on Truth Social last night.May President Xi and the wonderful people of China have a great and lasting day of celebration. Please give my warmest regards to Vladimir Putin and Kim J ...

Kyndryl (KD) 2025 Conference Summary Company Overview - **Company**: Kyndryl - **Date**: September 03, 2025 - **Speakers**: Martin Schroeder (CEO), David Weiser (CFO) Key Points Company Strategy and Transformation - Kyndryl has undergone a significant cultural transformation since its spin-off from IBM, focusing on becoming a services-oriented business rather than a product-centric one [2][7] - The company emphasizes two main advantages post-spin: the ability to invest in new capabilities and the freedom to form partnerships with major technology players like Microsoft, Google, Amazon, Oracle, and SAP [5][6] - Kyndryl's strategy is encapsulated in the "three A's": advanced delivery, alliances, and focus accounts, which have contributed to improved profitability and growth [8][9] Financial Performance and Growth - Kyndryl's consulting activities have grown from approximately 10% to over 20% of its business, with a target of reaching 25% [11] - The company has invested heavily in skills development, particularly in hyperscaler-related capabilities, with around 35,000 to 40,000 employees now holding hyperscaler credentials [14] - Kyndryl's profitability has improved significantly, with a projected increase from a -3% PTI margin at the time of the spin-off to a +5% margin [16] Focus Accounts Initiative - The focus accounts initiative has been a major contributor to profitability, with annualized benefits reaching $925 million, with a target of $1 billion [19][27] - Kyndryl inherited a challenging revenue profile from IBM, with a backlog of $20 billion and annual revenue of $8 billion, necessitating a reimagining of customer relationships [20][21] - The company has engineered a decline in revenue to improve profitability, removing over $1 billion in revenue while adding over $6.6 billion in profit dollars [22][23] Revenue Growth and Market Dynamics - Kyndryl aims for mid-single-digit revenue growth by fiscal year 2028, supported by strong book-to-bill ratios and growth in alliances and consulting [30][34] - The company has faced challenges in the first quarter, with revenue falling short of expectations, but anticipates improvement in subsequent quarters [28][40] - The inherited backlog and the transition to a more profitable business model are expected to drive future growth [35][38] AI and Infrastructure Services - Kyndryl is leveraging AI to enhance operational efficiency, automate processes, and improve service delivery, with significant monthly automation activities [60][62] - The company views AI as a tailwind for profit growth, as it allows for reduced labor costs while maintaining service quality [63][67] - AI presents both opportunities and challenges in the infrastructure services sector, with Kyndryl positioned to capitalize on its unique capabilities [66][70] Capital Allocation Strategy - Kyndryl plans to utilize its free cash flow for acquisitions and share repurchase programs, with a focus on small tuck-in acquisitions to enhance its service offerings [72][73] - The company has initiated a share repurchase program and is considering further authorizations to return capital to shareholders [74] Additional Insights - Kyndryl's ability to adapt to market demands and invest in new technologies positions it well for future growth [10][18] - The company is focused on maintaining strong customer relationships and delivering mission-critical services, which are essential for its long-term success [24][25]

The U.K. government is increasingly stitching itself back into the political fabric of Europe, strengthening alliances with key EU states https://t.co/tiGOGBsk8r ...