Tag: Kyndryl

Kyndryl produces terrible earnings

Posted on May 19, 2023 by - News

Kyndryl, the world’s largest infrastructure services provider, began trading as an independent company under the symbol KD from the New York Stock Exchange, Thursday, November 4 in NYC. (Jon Simon/Feature Photo Service for Kyndryl)

IBM global infrastructure service provider spin-off, Kyndryl suffered terribly at the hands of Wall Street after it released some miserable results.

The company’s stock sank more than 12 per cent Wednesday, with shares closing at $12.53 and its market cap at $2.85 billion.

The company published guidance for fiscal 2024 revenue expected to fall six per cent to eight per cent compared to its fiscal 2023 revenue, with positive revenue growth not expected until fiscal 2025.

Kyndryl reported revenue of $4.26 billion, which beat analyst expectations by $110 million, but its GAAP loss per share of $3.24 was $2.21 per share below expectations.

Kyndryl helps customers get onto public clouds

Posted on October 14, 2022 by - News

Global infrastructure services provider Kyndryl has expanded its ability to help customers run or migrate their mainframe workloads to public clouds.

There are two ways that Kyndryl can do this. The first uses its Microsoft Ignite presence and create a new cloud product which mixes its managed services expertise with Microsoft Azure Stack HCI software and Dell Technologies hardware.

The idea is to help businesses with on-premises, remote or third-party data centre workloads accelerate their cloud transformation projects. The Microsoft Azure Stack HCI supports mainframe modernisation by connecting to on-premises mainframe or distributed computing infrastructures.

The second idea sees Kyndryl working with Google Dual Run, a service introduced Wednesday by Google as a way to migrate workloads off mainframes and onto the Google Cloud by letting the workloads work on both the cloud and on the mainframe until customers feel the time is right to take them off the mainframe altogether.

With IBM behind it, Kyndryl makes Microsoft deal

Posted on November 16, 2021 by - News

A not so mobile X86 PCWith IBM in its rearview mirror, spin-off Kyndryl has made a deal with Microsoft to build products on its cloud.

According to the pair, they will jointly work on a co-innovation lab where they will build products on the Microsoft Cloud, with Kyndryl making them available on Microsoft’s AppSource and on the Azure Marketplace.

Meanwhile, Vole will make products developed by the two companies available for its global enterprise sales force and create a training programme for Kyndryl’s 90,000 employees, dubbed Kyndryl University for Microsoft, which has been designed to teach workers how to best use Microsoft’s cloud tools.

Big Blue’s Kyndryl does not have an easy future

Posted on November 10, 2021 by - News

Top beancounters have warned that IBM’s managed infrastructure services spin-off Kyndryl will have a rough start.

IDC senior research manager for European services Matthew Wilkins said Kyndryl will face “fierce competition” from managed cloud service providers. This will be felt particularly across Europe, which boasts a wide variety of experienced and knowledgeable players in the market.

Public cloud providers expanding their services portfolios will pose a threat to the newly spun-off company, he warned.
While Kyndryl will be seeking to built on its existing IBM contracts, customers who signed those contracts will be a little nervous about handing over the trade to someone different.

Wilkins warns that it will be “very important” for IBM and Kyndryl to keep their existing customers informed.

IBM’s infrastructure services spin-off to be named Kyndryl

Posted on April 14, 2021 by - News

A not so mobile X86 PCBiggish Blue has decided to give its infrastructure spinoff a name that sounds a bit like a skincare product for nappy rash.

Kyndryl, which will be kinder to all your kinder’s itchy skin, is the name of IBM’s Managed Infrastructure Services business which is to become a fully-fledged public company by the end of this year.

The marketers say that the name is a combination of the words ‘kinship’ and ‘tendril’ which sounds even less appetising unless you are a company designed by HP Lovecraft.