In its recent third-quarter announcement, Kyndryl Holdings (KD), a global IT infrastructure services provider, reported mixed ...

"In the third quarter, we delivered another quarter of strong signings growth and significant margin expansion, led by ...

Earnings of 51 cents per diluted share compared with a loss of five cents a year earlier and beat the consensus estimate of ...

The shares of Kyndryl (KD) are advancing 6% after Scotiabank increased its price target on the tech name to $45 from $35. The cloud services company was spun off from IBM (IBM) in 2021.

Kyndryl on Monday missed Wall Street estimates for third-quarter revenue, as strong AI-linked sales were offset by a strong dollar and the IT services provider's shedding of lower-margin deals.

System integrator Kyndryl has integrated AI software from Palo Alto Networks into its new secure access service edge (SASE) offer for enterprises.

Kyndryl is raising its earnings and cash flow outlook for its FY25: Adjusted pretax income of at least $475M, representing a year-over-year increase of at least $310M; and Adjusted free cash flow ...

The bank noted that KD’s consulting business, driven by the rapid proliferation of AI and cloud security systems, is expanding by double-digit percentage levels. The latter unit’s growth, in turn, is ...

Kyndryl had also inherited multiple no-margin contracts from IBM and has been looking to re-work them to generate higher profits. The company recorded adjusted net income of $124 million in the ...