From IBM to Going It Alone Kyndryl Holdings, IBM’s former infrastructure services business (IBM), is now a stand-alone global technology and IT infrastructure services provider. The company’s ...

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.

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 ...

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.

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

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 ...