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

The company - the former infrastructure services business of IBM - derived more than 74% of its total sales in the third ...

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.

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

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

Kyndryl Holdings Inc. today reported adjusted ... and offset by a contractually required increase in IBM software costs and layoff charges of $17 million. Adjusted earnings before interest ...