Kyndryl Holdings, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Revenues for the quarter ended march 31, 2024 total $3.8 billion, pretax loss is $4 million, net loss is $45 million, adjusted ebitda is $566 million, and adjusted pretax income is $30 million fiscal year 2024 revenues total $16.1 billion, pretax loss is $168 million, net loss is $340 million, adjusted ebitda is $2.4 billion, and adjusted pretax income is $165 million company expects to return to positive constant-currency revenue growth in the fourth quarter and provides outlook for at least $435 million of adjusted pretax income in fiscal year 2025 new york , may 7, 2024 /prnewswire/ -- kyndryl holdings, inc. (nyse: kd), the world's largest it infrastructure services provider, today released financial results for the quarter ended march 31, 2024, the fourth quarter of its 2024 fiscal year...

Partnership and kyndryl services with rubrik provide customers with data protection to enhance cyber resilience new york , may 2, 2024 /prnewswire/ -- kyndryl (nyse: kd), the world's largest it infrastructure services provider, today announced a global strategic alliance and new kyndryl services with rubrik  (nyse: rbrk), the zero trust data security™ company, to help kyndryl customers achieve cyber resilience with cyber incident recovery, data protection, data analytics and data security posture. today's announcement builds on kyndryl and rubrik's established collaboration around building cyber resilient environments for kyndryl and rubrik customers across industries, such as healthcare, banking and education.

The it industry's first ai-powered open integration platform now has more than 1,200 onboarded customers and 190 service offerings, exceeding company targets kyndryl bridge delivers more than 3 million actionable insights per month, with new services that help enterprise customers accelerate business value new york , may 2, 2024 /prnewswire/ -- kyndryl (nyse: kd), the world's largest it infrastructure services provider, today announced that its industry-leading, artificial intelligence (ai)-powered, open integration digital business platform, kyndryl bridge, has onboarded 1,200 enterprise customers, 20% more than its initial target. kyndryl bridge drives nearly $2b in annual savings for customers and delivers improved mission-critical it outcomes through kyndryl bridge, the company has also introduced more than 190 new services – surpassing its goal for the fiscal year ended march 31, 2024.

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.

Kyndryl to modernize and manage the mission-critical systems for honda's logistics operations with kyndryl bridge brussels , april 23, 2024 /prnewswire/ -- kyndryl (nyse: kd), the world's largest it infrastructure services provider, and honda motor europe ltd., announced a multiyear managed infrastructure services renewal agreement.

Kyndryl Holdings, Inc. (KD) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.21 per share a year ago.

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.

Investors interested in Technology Services stocks are likely familiar with Kyndryl Holdings, Inc. (KD) and Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?

NEW YORK , Feb. 22, 2024  /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will discuss information regarding the Company's business and/or financial performance at upcoming investor conferences. Their presentations will be webcast as follows: Evercore ISI Payments & Fintech Innovators Forum on Thursday, February 29 at 1:50 p.m.

Kyndryl Holdings, Inc. (KD) Q3 2024 Earnings Call Transcript

Kyndryl Holdings, Inc. (KD) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.10. This compares to loss of $0.47 per share a year ago.

Consultants are back in business as demand for IT spending jumps. Kyndryl (KD) stock price has surged to its highest point since November 2021 after jumping by over 169% from its lowest point in 2022.

At the end of December, Bloomberg reported that almost $17 billion in software-related distressed debt was trading significantly below 100 cents on the dollar. This suggests that 2024 could be the year to sell overly leveraged software stocks.

Despite a rocky start with a significant drop in stock value, Kyndryl's shares started a solid recovery with an 87% gain in 2023. Early shareholders worried about Kyndryl's position as a low-margin business with slow-growth prospects, contrasting with IBM's focus on high-growth areas like AI and cloud computing.

Kyndryl doesn't appear to be all that great a business on the surface, but there could be value underneath. The old managed infrastructure unit of IBM is figuring out how to turn a more robust profit in a new cloud era.