Kyndryl CEO on the company's turnaround after IBM split [Yahoo! Finance]
Kyndryl Holdings, Inc. (KD)
Company Research
Source: Yahoo! Finance
The IT services company brought in $3.85 billion in revenue, more than the expected $3.76 billion. Kyndryl CEO Martin Schroeter tells Yahoo Finance that the company "finished a great quarter that was the end of a terrific year." He points to the investments being made in the Kyndryl Bridge platform and its alliance network which "have really become a part of the ecosystem that's driving our return to growth." Following the company's spin-off from IBM in 2021, Schroeter says Kyndryl has been able to create and evolve "really deep, meaningful relationships" with other tech giants like Microsoft ( MSFT ) and Amazon ( AMZN ), leading to a $500 million revenue stream. Schroeter expects that figure to rise to about $1 billion this year alone, saying the partnerships are "vital." "They've been a great part of our turnaround story and we expect that to continue," he tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode. This
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News
- All You Need to Know About Kyndryl Holdings, Inc. (KD) Rating Upgrade to Strong Buy [Yahoo! Finance]Yahoo! Finance
- Despite Fast-paced Momentum, Kyndryl Holdings, Inc. (KD) Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
- Kyndryl Teams With NVIDIA to Accelerate Adoption of Generative AI-enabled Solutions [Yahoo! Finance]Yahoo! Finance
- Kyndryl Teams With NVIDIA to Accelerate Adoption of Generative AI-enabled SolutionsPR Newswire
- Kyndryl expands AI and generative AI services and skills to accelerate mainframe modernizationPR Newswire
KD
Earnings
- 5/7/24 - Beat
KD
Sec Filings
- 5/8/24 - Form SC
- 5/7/24 - Form 8-K
- KD's page on the SEC website