Kyndryl Holdings, Inc. designs, builds, manages, and modernizes information systems worldwide. It offers a range of services to manage, secure, and optimize performance for SAP and Oracle application workloads on Amazon AWS, IBM Cloud, Microsoft Azure, and Oracle Cloud Infrastructure; application management project-based services; managed mobility, workplace support, workplace virtualization, and workplace collaboration services; and multi-cloud management, managed infrastructure as a service solution, and cloud migration services. The company also provides infrastructure as a service (IaaS), managed extended cloud IaaS for IBM Z, and multi-cloud deployment services; data protection and recovery services, including backup as a service, disaster recovery as a service, cyber resilience, IT resilience orchestration, data center, and security and resiliency consulting services; network consulting services, which include strategy, assessment planning, and design services aligned with IT and application needs; and consulting services for software-defined networking (SDN), software-defined wide area network (SD-WAN), Internet of Things, and network infrastructure and application optimization. In addition, it offers software-defined networking services that help enterprise customers to build highly programmable network fabrics for the SD-WAN, data centers and cloud, and branch networks and local area networks architectures; and managed network services. The company was incorporated in 2020 and is headquartered in New York, New York. Kyndryl Holdings, Inc. operates independently of International Business Machines Corporation as of November 3, 2021.
IPO Year: 2021
Exchange: NYSE
Website: kyndryl.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/27/2024 | $33.00 | Outperform | Oppenheimer |
2/12/2024 | $19.00 → $27.00 | Neutral → Positive | Susquehanna |
1/8/2024 | $26.00 | In-line → Outperform | Evercore ISI |
12/18/2023 | $20.00 → $25.00 | Neutral → Overweight | JP Morgan |
4/21/2023 | $22.00 | Sector Outperform | Scotiabank |
1/12/2023 | $14.00 | Neutral | Susquehanna |
8/2/2022 | $12.00 | Neutral | JP Morgan |
11/15/2021 | $22.00 | In-Line | Evercore ISI Group |
Revenues for the quarter ended June 30, 2024 total $3.74 billion, pretax income is $64 million, and net income is $11 millionAdjusted EBITDA is $556 million, adjusted pretax income is $92 million, and adjusted net income is $31 millionKyndryl Consult continues to gain momentum with double-digit revenue growth in the quarter and over the last twelve monthsRaises adjusted earnings outlook for fiscal year 2025 and reaffirms constant-currency revenue outlook with revenue growth in the fourth quarterNEW YORK, July 31, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended June 30, 2024,
New Kyndryl services to drive modernization for customers moving to RISE with SAP NEW YORK, July 23, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced the selection of the RISE with SAP® solution to accelerate its journey to the cloud and an expanded strategic alliance with SAP. As part of the expansion, Kyndryl will provide SAP® services for the delivery of SAP S/4HANA® Cloud Private Edition to help customers move to the cloud and continue solving their most complex digital transformation challenges. Since its i
Company will host earnings call on August 1, 2024 NEW YORK, July 15, 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 June 30, 2024, the first quarter of its 2025 fiscal year, after market close on Wednesday, July 31, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Thursday, August 1, 2024. The live webcast can be accessed by vi
NEW YORK, July 2, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced the appointment of a new Chief Information Officer (CIO) and leadership changes in two of its major practices, Applications, Data and AI and Cloud. Kim Basile has been named Kyndryl's new CIO, succeeding Michael Bradshaw, who is assuming leadership of the company's Applications, Data and AI practice. Additionally, Nicolas Sekkaki has been named the Practice Leader for Kyndryl's Cloud practice. "I am pleased to announce Kim as our new Chief Inform
First quarter Subscription ARR of $856.1 million, up 46% year over year Revenue of $187.3 million, up 38% year over year 1,859 Customers with $100K or more in Subscription ARR, up 41% year over year Rubrik, Inc. (NYSE:RBRK), the Zero Trust Data Security™ company, today announced financial results for the first quarter fiscal year 2025, ended April 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611082171/en/Q1 2025 Rubrik Infographic (Graphic: Rubrik) "Rubrik is a leader in one of the fastest growing new segments in the cybersecurity market, data security, with a total addressable market of about $53 billio
Company Earns Top Honors in Various Global Employer Awards and Accolades NEW YORK, June 6, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, has been named one of Newsweek's Top 100 Global Most Loved Workplaces® for the second consecutive year. The list recognizes companies that put respect, caring, and appreciation for their employees at the center of their business model and, in doing so, have earned the loyalty and respect of the people who work for them. Kyndryl was the largest employer ranked in the top 50 companies. The com
New service for Amazon Security Lake to provide businesses with enhanced security operations and management capabilities Collaboration extends Kyndryl's Cyber Resiliency portfolio NEW YORK, June 5, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced the Kyndryl Threat Insights Managed Service is available using Amazon Security Lake. The service automatically centralizes an organization's security data from across their Amazon Web Services (AWS) environments, to provide customers with greater visibility, driving enhanced identification, mitigation, and response of sophisticated cybersecurity risks.
NEW YORK, May 31, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced it has been named a Leader in the IDC MarketScape: Worldwide Microsoft Implementation Services 2024 Vendor Assessment [doc # US50539623 April 2024]. The IDC MarketScape report evaluated 13 Microsoft solutions services providers with broad portfolios spanning IDC research coverage and on a worldwide scale. According to IDC analysis and buyer perception, Kyndryl was positioned in the Leaders category. The IDC MarketScape noted, "Kyndryl and
NEW YORK, May 20, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced a collaboration with NVIDIA to accelerate the development, implementation and use of AI-powered insights and business outcomes. Kyndryl's AI-powered open integration digital business platform, Kyndryl Bridge, will support the end-to-end lifecycle of AI development and implementation in real-world business environments for customers running full-stack NVIDIA accelerated computing and software. Kyndryl also will tap into the domain and indus
5,000+ Kyndryl mainframe professionals are training to speed deployment of AI-enabled workloads in hybrid cloud environments NEW YORK, May 16, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today unveiled new artificial intelligence (AI) and generative AI-based consulting and managed delivery services to help organizations exploit their mainframe application and data assets as part of their hybrid cloud transformation. Kyndryl is committed to furthering the adoption of AI and generative AI by educating more than 5,000 of its ma
Kyndryl Hldgs's (NYSE:KD) short percent of float has fallen 5.13% since its last report. The company recently reported that it has 5.33 million shares sold short, which is 2.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.73 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
Kyndryl Holdings Inc (NYSE:KD) shares were climbing in early trading on Thursday, just days after the news of the company considering a joint bid for DXC Technology Co (NYSE:DXC). The stock is an "interesting investment opportunity," as the company is poised to return to revenue growth, with margin expansion and earnings of more than $3 in fiscal 2027, according to Oppenheimer. The Kyndryl Holdings Analyst: Ian Zaffino initiated coverage of Kyndryl Holdings with an Outperform rating and price target of $33. The Kyndryl Holdings Thesis: After its spinoff from IBM (NYSE:IBM), Kyndryl has been repricing its legacy no- and low-margin contracts, Zaffino said in the initiation note. Ch
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. BMO Capital analyst Keith Tapper initiated coverage on ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) with an Outperform rating and announced a price target of $31. ACADIA Pharmaceuticals shares fell 0.6% to close at $15.50 on Wednesday. See how other analysts view this stock. Mizuho analyst Wei Fang initiated coverage on Grab Holdings Limited (NASDAQ:GRAB) with an Outperform rating and announced a price target of $5. Grab shares fell 0.3% to close at $3.51 on Wednesday. See how other analy
Oppenheimer analyst Ian Zaffino initiates coverage on Kyndryl Hldgs (NYSE:KD) with a Outperform rating and announces Price Target of $33.
U.S. stock futures point to a weak start on Tuesday, signaling a pause after Monday’s record run. Global cues are negative and commodity prices weakened as well. Traders may prefer to wait it out until the Federal Reserve meeting and May inflation reports. A cooler inflation report and/or a dot-plot chart that points to at least two rate cuts could help the market push ahead with renewed optimism. Oracle Corp.’s (NYSE:ORCL) earnings could also be in the spotlight, given the company’s exposure to AI. FuturesPerformance (+/-)Nasdaq 100-0.25%S&P 500-0.22%Dow-0.35%R2K-0.85%In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.25% to $534.34, and the Invesco QQQ ETF (NA
Apollo Global Management Inc (NYSE:APO) and Kyndryl Holdings Inc (NYSE:KD), a spinoff from IBM, are reportedly considering a joint bid for DXC Technology Co (NYSE:DXC). What Happened: Apollo and Kyndryl are in discussions regarding a potential acquisition offer for DXC, with the per-share bid ranging between $22 and $25, Reuters reported, citing sources. This news caused DXC’s shares to surge by 11% and conclude Monday’s trading at $18.45, resulting in a market value of $3.3 billion. DXC, which also operates as an IT services provider, is concurrently seeking bids for the sale of its insurance software business, valued at over $2 billion. The company may also choose to remain i
- Reuters
https://www.kyndryl.com/us/en/about-us/news/2024/05/generative-ai-for-mainframe-modernization
Oppenheimer initiated coverage of Kyndryl with a rating of Outperform and set a new price target of $33.00
Susquehanna upgraded Kyndryl from Neutral to Positive and set a new price target of $27.00 from $19.00 previously
Evercore ISI upgraded Kyndryl from In-line to Outperform and set a new price target of $26.00
JP Morgan upgraded Kyndryl from Neutral to Overweight and set a new price target of $25.00 from $20.00 previously
Scotiabank initiated coverage of Kyndryl with a rating of Sector Outperform and set a new price target of $22.00
Susquehanna initiated coverage of Kyndryl with a rating of Neutral and set a new price target of $14.00
JP Morgan initiated coverage of Kyndryl with a rating of Neutral and set a new price target of $12.00
Evercore ISI Group initiated coverage of Kyndryl Hldgs with a rating of In-Line and set a new price target of $22.00
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NEW YORK, July 2, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced the appointment of a new Chief Information Officer (CIO) and leadership changes in two of its major practices, Applications, Data and AI and Cloud. Kim Basile has been named Kyndryl's new CIO, succeeding Michael Bradshaw, who is assuming leadership of the company's Applications, Data and AI practice. Additionally, Nicolas Sekkaki has been named the Practice Leader for Kyndryl's Cloud practice. "I am pleased to announce Kim as our new Chief Inform
NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R" or the "Firm") today announced the appointment of Howard Ungerleider as an Operating Advisor to CD&R funds. Mr. Ungerleider will work closely with CD&R's industrials team on new investment opportunities and support the management teams of its relevant portfolio companies. Mr. Ungerleider brings with him over 30 years of experience working in the chemical, packaging and specialty materials industries, having held a number of senior management positions, most notably as President and Chief Financial Officer
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4 - Kyndryl Holdings, Inc. (0001867072) (Issuer)
4 - Kyndryl Holdings, Inc. (0001867072) (Issuer)
4 - Kyndryl Holdings, Inc. (0001867072) (Issuer)
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Company will host earnings call on August 1, 2024 NEW YORK, July 15, 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 June 30, 2024, the first quarter of its 2025 fiscal year, after market close on Wednesday, July 31, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Thursday, August 1, 2024. The live webcast can be accessed by vi
Acquires privately held Skytap to accelerate hybrid cloud adoption and help customers modernize mission-critical infrastructure platforms Announces definitive agreement to sell its Securities Industry Services business in Canada to Broadridge to enhance Kyndryl's focus on core growth areas NEW YORK, May 13, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it has acquired privately held Skytap, a leading specialized workload services provider. "The acquisition of Skytap reflects the proactive steps we're tak
Company will host earnings call on May 8, 2024 NEW YORK, April 29, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced that it will release results for the fourth quarter and full year ended March 31, 2024, after market close on Tuesday, May 7, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Wednesday, May 8, 2024. The live webcast can be accessed by visiting investors.kyndryl.com
Company will host earnings call on February 7, 2024 NEW YORK, Jan. 9, 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 December 31, 2023, the third quarter of its 2024 fiscal year, after market close on Tuesday, February 6, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Wednesday, February 7, 2024. The live webcast can be acces
Company will host earnings call on November 8, 2023 NEW YORK, Oct. 5, 2023 /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, 2023, the second quarter of its 2024 fiscal year, after market close on Tuesday, November 7, 2023. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Wednesday, November 8, 2023. The live webcast can be ac
Company will host earnings call on August 8, 2023 Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced that it will release results for the quarter ended June 30, 2023, the first quarter of its 2024 fiscal year, after market close on Monday, August 7, 2023. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Tuesday, August 8, 2023. The live webcast can be accessed by visiting investors.kyndryl.com on Kyndryl's investor relations website. A slide presentation will be made available on Kyndryl's investor relations website s
Revenues for the quarter ended March 31, 2023 total $4.3 billion, net loss is $737 million, adjusted EBITDA is $476 million, and adjusted pretax loss is $61 million Fiscal year 2023 revenues total $17.0 billion, net loss is $1.4 billion, adjusted EBITDA is $2.0 billion, and adjusted pretax loss is $217 million Exceeded all first-year targets for Alliances, Advanced Delivery and Accounts initiatives Provides outlook for fiscal year 2024, reflecting continuing progress on the ‘three-A initiatives' Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended March 31, 2023, the fourth quarter of i
Company will host earnings call on May 17, 2023 Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced that it will release results for the fourth quarter and full year ended March 31, 2023, after market close on Tuesday, May 16, 2023. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Wednesday, May 17, 2023. The live webcast can be accessed by visiting investors.kyndryl.com on Kyndryl's investor relations website. A slide presentation will be made available on Kyndryl's investor relations website shortly before the call o
Revenues for the quarter ended December 31, 2022 total $4.3 billion, net loss is $106 million, pretax loss is $138 million and adjusted pretax loss is $4 million Continued progress on Alliances, Advanced Delivery and Accounts initiatives Raises revenue outlook and reaffirms margin outlook for fiscal year 2023 Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended December 31, 2022, the third quarter of its 2023 fiscal year. "Our strong operational performance this quarter reflects continued progress on our three-A initiatives – Alliances, Advanced Delivery and Accounts – which are driving expa
Company will host earnings call on February 8, 2023 Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced that it will release results for the quarter ended December 31, 2022, the third quarter of its 2023 fiscal year, after market close on Tuesday, February 7, 2023. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Wednesday, February 8, 2023. The live webcast can be accessed by visiting Kyndryl's investor relations website at investors.kyndryl.com or by dialing 800-343-5172 (from the U.S.) or 203-518-9708 (for internation
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