Kyndryl Holdings, Inc. (KD)
| Market Cap | 6.40B |
| Revenue (ttm) | 16.46B |
| Net Income (ttm) | -1.03B |
| Shares Out | 230.10M |
| EPS (ttm) | -4.54 |
| PE Ratio | n/a |
| Forward PE | 94.60 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,124,746 |
| Open | 27.26 |
| Previous Close | 27.32 |
| Day's Range | 27.17 - 27.93 |
| 52-Week Range | 11.36 - 28.42 |
| Beta | 1.64 |
| Analysts | Buy |
| Price Target | 29.33 (+5.62%) |
| Earnings Date | May 7, 2024 |
About KD
Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York. [Read more]
Financial Performance
In 2022, KD's revenue was $17.03 billion, a decrease of -8.74% compared to the previous year's $18.66 billion. Losses were -$1.37 billion, -40.36% less than in 2021.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for KD stock is "Buy." The 12-month stock price forecast is $29.33, which is an increase of 5.62% from the latest price.
News
Kyndryl expands AI and generative AI services and skills to accelerate mainframe modernization
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 lar...
KYNDRYL TO SPEAK AT THE J.P. MORGAN GLOBAL TMT CONFERENCE ON MAY 21
NEW YORK , May 14, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chairman and Chief Executive Officer Martin Sch...
Kyndryl acquires Seattle-based cloud migration company Skytap
New York-based IT infrastructure services giant Kyndryl announced Monday that it acquired Skytap, a Seattle-based company founded 17 years ago that sells cloud migration software.
Kyndryl Announces Portfolio Optimization Actions
Acquires privately held Skytap to accelerate hybrid cloud adoption and help customers modernize mission-critical infrastructure platforms Announces definitive agreement to sell its Securities Industr...
KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS
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 ...
Kyndryl and Rubrik Announce Global Strategic Alliance to Offer Cyber Incident Recovery
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 infras...
Kyndryl Bridge Drives Nearly $2 Billion in Annual Savings for Customers and Delivers Improved Mission-Critical IT Outcomes
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 millio...
KYNDRYL TO RELEASE FOURTH QUARTER AND FULL-YEAR RESULTS ON MAY 7, 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 tha...
Honda Motor Europe Ltd. renews and expands IT partnership with Kyndryl
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 i...
Kyndryl expands collaboration with EY to optimize mission-critical auditing and consulting operations
Kyndryl to help enhance SAP® processes and bolster EY's security through Kyndryl Consult NEW YORK , April 10, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services pr...
Kyndryl and Cloudflare Announce Global Strategic Alliance to Drive Enterprise Network Transformation, Multi-Cloud Innovation, and Zero Trust Security
NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Cloudflare, Inc. (NYSE: NET), a leading connectivity cloud company, today an...
11 nonprofits receive Kyndryl Foundation grants to advance cybersecurity skills and resilience
Kyndryl Foundation's inaugural grants aim to grow an inclusive cybersecurity workforce and make nonprofits more resilient from cyberattacks NEW YORK , March 19, 2024 /PRNewswire/ -- Kyndryl Foundation...
Kyndryl and Stellantis Announce Expanded Partnership
NEW YORK , March 4, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced an expanded, multi-year agreement with Stellantis to manage and ope...
Kyndryl Named a Leader in IDC MarketScape for Worldwide Managed Public Cloud Services 2023
NEW YORK , Feb. 28, 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: Worldwi...
Kyndryl Launches Unified SIM to Deliver Integrated Global Connectivity
Service will streamline connectivity between public and private 5G networks to provide enhanced, 24/7 connectivity for Industry 4.0 and enterprises NEW YORK , Feb. 26, 2024 /PRNewswire/ -- Kyndryl (...
Kyndryl Announces Global Alliance and Private 5G Network Service Collaboration with Hewlett Packard Enterprise
Alliance will provide managed edge-to-cloud and networking services to help customers transform their IT and accelerate digital initiatives NEW YORK , Feb. 26, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD),...
KYNDRYL TO SPEAK AT INVESTOR CONFERENCES HOSTED BY EVERCORE ISI AND MORGAN STANLEY
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 S...
Kyndryl and Veeam Announce Global Strategic Alliance to Deliver Comprehensive Cyber Resiliency
Alliance provides customers with cyber resiliency services for improved business continuity, reduced costs and increased agility NEW YORK , Feb. 21, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world'...
Kyndryl Completes $500 Million Offering of Senior Notes, Its First Debt Issuance as an Independent Company
NEW YORK , Feb. 20, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced the completion of an offering of $500 million of 6...
Kyndryl Expands Partnership with Google Cloud to Deliver Enterprise-Ready Generative AI Solutions
Kyndryl's data expertise and end-to-end services combine with Google Cloud's AI technology to drive innovation NEW YORK , Feb. 7, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infra...
Kyndryl teams up with Google Cloud on responsible generative AI
Kyndryl unveiled an extended collaboration with Google Cloud to spearhead the development of responsible generative AI solutions across industries.
KYNDRYL REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK
Strong execution on 'three-A's' strategy drives earnings growth Revenues for the quarter ended December 31, 2023 total $3.9 billion, pretax income is $53 million, and net loss is $12 million Adjusted ...
Kyndryl Introduces New Security Edge Services with Cisco
NEW YORK , Jan. 25, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced two new security edge services developed jointly with Cisc...
Kyndryl Unveils Workflow Orchestration Services to Automate and Modernize Business Processes
NEW YORK , Jan. 18, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced the availability of Kyndryl Workflow Orchestration services, a gen...
Kyndryl, Accenture, Wipro, Infosys stocks fly as tech demand rises
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.