Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of New York, titled Brander v. Kyndryl Holdings, Inc., et al., No. 1:26-cv-00782 [3]. - Investors have until April 13, 2026, to request to be appointed to lead the case, with claims asserted under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Background - Kyndryl is the world's largest IT infrastructure services provider, offering enterprise technology services, including advisory, implementation, and managed service capabilities in over 60 countries [4]. Group 3: Allegations and Stock Impact - Kyndryl is accused of misrepresenting its cash management practices and the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [5]. - On February 9, 2026, Kyndryl announced a delay in releasing its fiscal Q3 2026 financial statement due to an accounting review, leading to the immediate departures of its CFO and General Counsel [6]. - Following this announcement, Kyndryl's stock price dropped over 52% during trading on February 9, 2026 [7].

Market Performance - Stock markets closed higher for the second consecutive session, with the BSE Sensex rising by 173.81 points, or 0.21%, to close at 83,450.96, and the NSE Nifty advancing by 42.65 points, or 0.17%, to settle at 25,725.40 [1][4] Sector Performance - Major gainers among the Sensex constituents included ITC, Bharat Electronics Ltd., Larsen & Toubro, Infosys, Asian Paints, Titan, Adani Ports, HCL Technologies, Sun Pharmaceuticals, Maruti Suzuki India, IndiGo, State Bank of India, and Tech Mahindra [2] - Conversely, stocks that ended with losses included Eternal, Tata Steel, Trent, Reliance Industries, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bharti Airtel, Kotak Mahindra Bank, and Hindustan Unilever [2] Broader Market Indices - Broader indices also showed positive movement, with the BSE Smallcap Select Index rising by 0.49% and the Midcap Select Index gaining 0.26% [3] Foreign and Domestic Investment - Foreign institutional investors sold equities worth ₹972.13 crore, while domestic institutional investors purchased stocks worth ₹1,666.98 crore [4] Commodity Prices - Brent crude, the global oil benchmark, fell by 0.79% to $68.13 per barrel [4]

Core Insights - Cognizant has expanded its partnership with Wallenius Wilhelmsen to provide technology services that will transform the logistics company's core applications and infrastructure, enhancing its role as an integrated supply chain partner [1] - The partnership signifies Cognizant's transition from a service provider to a strategic partner, focusing on modernizing legacy systems and implementing AI-driven efficiencies to support Wallenius Wilhelmsen's digital operations [2] - Wallenius Wilhelmsen emphasizes the importance of collaborators who understand their business, and Cognizant's expertise in efficiency and technology adoption is expected to facilitate the next phase of their digital journey [3] Company Overview - Cognizant is a technology leader that helps clients modernize technology, reimagine processes, and transform experiences to remain competitive in a rapidly changing environment [3] - Wallenius Wilhelmsen is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, operating around 125 vessels across 15 trade routes and employing approximately 12,000 people in 28 countries [4]

Summary of Infosys Investor AI Day - February 17, 2026 Company Overview - **Company**: Infosys (NYSE: INFY) - **Event**: 2026 Investor AI Day - **Location**: Bengaluru campus Key Industry Insights AI Transition - The current AI transition is fundamentally different from previous technology shifts due to its speed and impact on business operations [4][6][7] - Historical context shows that previous transitions (e.g., PCs, cloud) took longer to reach mass adoption compared to AI, which is rapidly gaining users due to existing infrastructure [5][6] - The AI transition requires a complete overhaul of business operations, moving beyond mere technological upgrades to a fundamental change in how businesses operate [7][8] Legacy System Modernization - Companies can no longer defer the modernization of legacy systems; many are spending 60%-80% of their IT budgets on maintaining outdated systems [9][10] - The need for modernization is driven by financial inefficiencies and increasing security threats [10][11] - AI provides tools for rapid and cost-effective modernization, presenting a significant opportunity for firms like Infosys [11] Deployment Gap - There exists a "deployment gap" where the rapid advancement of AI technology outpaces the ability of enterprises to implement it effectively [17][18] - This gap highlights the need for organizational change, retraining, and a shift in data management practices [17][19] Core Business Strategies AI Services Opportunity - Infosys is actively engaged in AI projects with 90% of its large clients, indicating a robust demand for AI services [32][33] - The company has identified six key areas for growth in AI services: AI strategy and engineering, data for AI, process transformation, legacy modernization, physical AI, and AI trust [36][37] AI-First Value Framework - Infosys has developed an AI-first value framework to guide its service offerings, which includes a detailed breakdown of 30 offerings and 100 sub-offerings [37][38] - The framework emphasizes the integration of AI into existing business processes to drive efficiency and innovation [39] Talent Transformation - Infosys is focusing on reskilling its workforce to meet the demands of AI integration, having recruited 20,000 college graduates in the current year [44][45] - The company aims to build a workforce that is both technically skilled and capable of reimagining workflows [54] Financial Performance - AI services currently represent 5.5% of Infosys's revenue in Q3, with expectations for robust growth in this segment [37] Challenges and Considerations Complexity of AI Integration - Integrating AI into enterprises is complex and requires a deep understanding of existing systems and processes [48][49] - Successful AI implementation involves not just technology but also a cultural shift within organizations [50][51] Unique Client Context - Each enterprise has unique data, processes, and risks, which means AI solutions must be tailored to individual client contexts [52] - Infosys's approach focuses on leveraging its deep client relationships and industry knowledge to unlock value [52] Conclusion - The AI transition presents both challenges and significant opportunities for Infosys and its clients, necessitating a strategic approach to modernization, talent transformation, and AI integration [27][28]

Core Insights - Infosys generated 5.5% of its revenue from AI services in the December quarter, according to CEO Salil Parekh [1] - The company's total revenue for the third quarter was reported at 454.79 billion rupees, equivalent to approximately $5.01 billion [1] Company Performance - Infosys reported a third-quarter revenue of 454.79 billion rupees ($5.01 billion) [1] - The contribution of AI services to the overall revenue indicates a growing focus on technology-driven solutions within the company [1]

1 February 17, 2026 Convention Center, Infosys Campus, Bengaluru Agenda | Session Name | Speaker | Title | Time (IST) | | | --- | --- | --- | --- | --- | | Tech transitions – Why is the AI transition different? | Nandan Nilekani | Chairman of the Board | 11:00 – | 11:20 AM | | The AI Services Opportunity | Salil Parekh | Chief Executive Officer and Managing Director | 11:20 – | 11:50 AM | | AI Services Playbook | Satish H.C. | Chief Delivery Officer | 11:50 – | 12:20 PM | | | Dinesh Rao | Chief Delivery Off ...

Core Viewpoint - The recent decline in India's technology services sector, driven by fears surrounding AI's impact, presents a buying opportunity for investors who believe in the resilience of these companies [1][4]. Group 1: Market Impact - The Indian technology sector has lost a combined market value of $56 billion since the release of a tool by Anthropic PBC, which is perceived as a threat to traditional business models [1]. - The NSE Nifty IT Index has dropped 15% since the announcement, marking its worst month since March 2020 [5]. - Despite the downturn, the sector is experiencing resilient order flows, and share valuations have decreased, with the Nifty IT gauge trading at 20 times forward earnings estimates, the lowest since April 2023 [9]. Group 2: Analyst Perspectives - Analysts from HSBC and JPMorgan believe that concerns regarding the impact of AI on Indian IT firms may be overstated, as these companies are likely to benefit from increased demand for AI integration [2]. - Stephen Bersey from HSBC argues that the notion of software becoming obsolete due to AI is flawed, emphasizing the need for software to manage interactions between AI and non-AI systems [7]. - Some analysts express skepticism about AI's potential to reduce earnings for IT outsourcers, while others assert that the sector is prepared for the changes, with companies increasingly discussing AI in earnings calls [7]. Group 3: Company Adaptability - Indian IT firms have a history of adapting to technological shifts, reskilling their workforce, and meeting client needs effectively [3][6]. - Companies like TCS reported that AI solutions now generate $1.8 billion in annualized revenue, growing at approximately 17% quarter-on-quarter [7]. - The industry benefits from large cash reserves that can support transitions as AI disrupts existing business models, along with a relatively young workforce capable of quick adaptation [8].

Earnings Season Overview - The earnings season has shown improvement, with a balanced beat-miss ratio of 34% of companies beating profit estimates and 32% missing, indicating a recovery trend after Q2 [12] - The MOFSL universe reported a 16% year-on-year profit growth in Q3FY26, slightly above the 14% estimate [12] Earnings Growth Projections - Nifty earnings are expected to grow approximately 12% annually over FY25-27, with current valuations at around 20.4 times one-year forward earnings, suggesting limited downside if earnings hold [2][12] - Mid and small-cap companies are projected to deliver stronger earnings growth in FY27 compared to large-caps, although broader market valuations are considered stretched [8][12] Key Investment Ideas - In financials, State Bank of India (SBI) and ICICI Bank are highlighted as key picks, with SBI trading at about 12 times FY26 estimated earnings and expected return on equity of 16-18% over FY26-28 [5][12] - ICICI Bank is noted for consistent asset quality improvement, trading at about 20 times FY26 earnings [5][12] - In capital goods, Larsen & Toubro is favored due to a strong order book and expected earnings growth over FY25-27 [6][12] - Bharti Airtel is preferred in telecom, benefiting from tariff hikes and rising data consumption, trading at around 31 times FY27 earnings [6][12] - Mahindra & Mahindra is backed by strong SUV demand and farm equipment recovery, with earnings expected to compound at over 20% over the next two years [7][12] - Infosys remains a top idea in technology despite near-term uncertainties, with ongoing disruptions in IT services being a key monitorable [7][12] Sectoral Insights - Financials, Metals, and Automobiles are anticipated to be key earnings drivers in FY27, potentially contributing nearly two-thirds of incremental profit growth [11][12] - The brokerage emphasizes the importance of decisive policy steps and improving global trade visibility to stabilize foreign investor flows [11][12]

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Kyndryl Holdings, Inc. securities for the period between August 7, 2024, and February 9, 2026, due to alleged misleading statements and financial misstatements by the company [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Kyndryl's financial statements during the Class Period were materially misstated and that the company lacked adequate internal controls [5]. - It is alleged that Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, which contributed to misleading statements about its business and operations [5]. - Investors are encouraged to join the class action without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the Kyndryl class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by April 13, 2026, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

SAN FRANCISCO, Feb. 16, 2026 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Kyndryl Holdings, Inc. (NYSE: KD) and seeks to represent investors who purchased or otherwise acquired Kyndryl securities between August 7, 2024 and February 9, 2026. The lawsuit follows the sharp selloff in Kyndryl shares (-$12.90, -55%) on February 9, 2026, after the company announced that it would not timely file its quarterly report for the quarter ended December 31, 2025, material internal control ...