Kyndryl Hldgs Inc Stock Price, News & Analysis

Kyndryl Holdings (NYSE:KD) announced new geographic reporting segments aimed at improving business performance analysis. The segments include the United States, Japan, Principal Markets, and Strategic Markets, with a focus on revenue and adjusted EBITDA metrics. CFO David Wyshner emphasized that these changes will enhance investor insights into the company's growth and profitability. Additionally, Kyndryl will shift its fiscal year-end to March 31, starting April 2022, to better align with customer timelines. Fourth quarter results will be released on February 28, 2022.

Kyndryl Holdings received an unsolicited mini-tender offer from TRC Capital Investment Corporation on December 10, 2021. TRC seeks to buy up to 5 million shares, approximately 2.23% of Kyndryl's outstanding shares, at $17.35 per share, which is 4.51% below the market value at that time. Kyndryl does not endorse this offer and urges shareholders not to tender their shares, advising them to check current market quotes and consult with financial advisors. The SEC warns that mini-tender offers can be below market price, lacking investor protections.

Kyndryl (NYSE: KD) announced the establishment of a new bilingual technology services center in Montréal, Québec, projected to create nearly 500 IT jobs over the next five years. This center aims to meet the rising demand for cloud skills and enhance delivery of digital transformation services for Canadian organizations. Currently, over 100 IT roles have been filled, with new hires receiving training in cloud platforms, automation, and cybersecurity. The center underscores Canada's potential as a tech innovation hub and is aligned with the country's economic recovery efforts post-COVID-19.

Kyndryl (NYSE: KD) and Viewpointe have entered a multi-year agreement to migrate Viewpointe's IT infrastructure to Microsoft Azure. The multi-million dollar collaboration aims to enhance flexibility, speed, and scalability of Viewpointe's managed services for the financial sector. The partnership will also focus on developing best practices for optimizing cloud operations. With this shift, Viewpointe seeks to innovate its offerings and maintain compliance and security for its clients, while Kyndryl aims to leverage its expertise to bolster Viewpointe's competitiveness.

Etihad Airways and Kyndryl (NYSE: KD) have signed a multi-year agreement to enhance Etihad's digital transformation. Kyndryl will modernize Etihad's IT infrastructure by facilitating the integration of public cloud platforms. This collaboration aims to improve operational efficiency and speed up innovation in air travel. The agreement was signed in November 2021, bringing Kyndryl's cloud expertise to help Etihad manage its workloads in a multi-cloud environment, supporting its mission-critical operations.

Kyndryl and Google Cloud announced a strategic partnership to accelerate digital transformation for customers. The collaboration aims to leverage Kyndryl's expertise in IT infrastructure with Google Cloud's advanced data and AI capabilities. Key focus areas include data analytics, SAP migration to Google Cloud, enhanced enterprise edge solutions, and tailored industry solutions for financial services. This partnership will enable businesses to operate more efficiently and harness the power of cloud technology. Kyndryl seeks to drive thousands of new cloud certifications through its Google Cloud Academy.

Kyndryl (NYSE: KD) has announced a strategic agreement with Raytheon Technologies to modernize its Digital Technology environment via hybrid cloud solutions. This partnership aims to enhance Raytheon's digital transformation, allowing for better business growth and operational efficiency. Key goals include a 60% reduction in data center footprint and significant cost savings while doubling cloud computing utilization. Kyndryl's expertise in cloud migration and management will play a crucial role in this initiative, underscoring a commitment to using advanced technologies for improved cybersecurity and collaboration.

Kyndryl (NYSE: KD) and NetApp have announced a strategic partnership with BMW Group to enhance the automaker's IT infrastructure. This agreement focuses on delivering hybrid cloud data solutions across 17 countries, including key markets like Germany, the US, and China. Kyndryl will act as the lead integrator, ensuring operational stability and scalability for BMW's critical systems. By leveraging NetApp's data solutions, BMW aims to accelerate innovation and enhance data availability, which is crucial for their production processes.

Kyndryl (NYSE: KD) has partnered with RSA Insurance to accelerate the latter's digital transformation through a significant cloud migration project, successfully moving 85,000 gigabytes of data to the cloud. This migration supports RSA's modernization efforts, enhancing efficiency by 30% in automated data processing and enabling quicker delivery of innovative offerings. Completed in just six months, this project reflects a collaborative approach, ensuring seamless operations and adherence to GDPR regulations. Kyndryl continues as RSA's trusted advisor for further technological advancements.