US Market News
1月前
Kyndryl Unveils Agentic AI Capability That Proactively Prevents IT Outages and Accelerates Recovery for Enterprise CustomersMay 7, 2026 8:00 AM
PR Newswire (US) Patented Kyndryl Bridge feature identifies IT issues which AI agents can then resolve, driving savings by avoiding incidents and eliminating costly planned maintenanceNEW YORK, May 7, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today unveiled a new patented capability in Kyndryl Bridge – the Company's Al-powered, open integration platform – that is enabling customers to automatically detect and resolve IT risks before they escalate into business-impacting outages. Kyndryl's prediction and prevention capability has been deployed on Kyndryl Bridge and is providing AI agent-assisted support to the more than 1,400 customers using Kyndryl Bridge. Kyndryl Bridge generates more than 16 million AI insights each month, has demonstrated a reduction in IT incidents by up to 50% and drives an aggregate $3 billion in annual customer savings from avoided impact events and planned maintenance costs."By embedding AI agents in Kyndryl Bridge for proactive risk detection, we are transforming IT operations from reactive outage recovery to proactive, evidence-based prevention," said Xerxes Cooper, Global Leader, Kyndryl Delivery. "Correlating millions of observability signals across applications and deep infrastructure helps our customers see and resolve issues before they ever feel them."This proactive approach is powered by AI-agent assisted root cause analysis within Kyndryl Bridge, enabled across more than 200,000 customer devices to identify the underlying conditions that commonly precede outages. By accelerating analysis that once required extensive manual investigation, the platform enables teams to surface actionable insights faster – supporting earlier intervention and reducing the impact of complex incidents across hybrid and multi-vendor environments.At scale, this advanced capability radically reduces the time required to complete root-cause analysis of major IT incidents, allowing organizations to complete reports in hours instead of weeks. Kyndryl experts review and validate the generated insights for operational context and alignment with customer environments.Predictive Detection and Prevention of FailuresKyndryl's new prediction and prevention feature brings evidence-based intelligence to enable predictive failure detection within IT operations by extending unified observability across a customer's full IT landscape.The patented feature dynamically identifies patterns that matter and validates causal relationships between application slowdowns, infrastructure contention, configuration changes, and operational events. It does so by analyzing and delivering insights into how small anomalies accumulate and propagate across IT layers. This transforms IT operations from reactive recovery to proactive prevention, enabling teams to intervene early and reduce downtime across complex, multi-vendor environments.Customer Impact & AvailabilityCustomer engagements show encouraging results with accelerated detection and improved accuracy of issue prevention that may have led to business downtime. This capability handles early detection at scale for 10 million-plus incidents annually and has demonstrated upwards of a 90% reduction in mission-critical production outages for certain customers.This Kyndryl Bridge patented capability is now fully available to Kyndryl customers.Learn more about Kyndryl Bridge and how it continues to strengthen its position as the industry's leading platform for proactive IT operations and innovation.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of?the date of this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the Company's?most recent?Annual Report on Form 10-K and quarterly report on Form 10-Q for the quarter ended December 31, 2025, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission. Kyndryl press contact
press@kyndryl.com View original content to download multimedia:https://www.prnewswire.com/news-releases/kyndryl-unveils-agentic-ai-capability-that-proactively-prevents-it-outages-and-accelerates-recovery-for-enterprise-customers-302764834.htmlSOURCE Kyndryl Original: Kyndryl Unveils Agentic AI Capability That Proactively Prevents IT Outages and Accelerates Recovery for Enterprise Customers
US Market News
1月前
Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026May 6, 2026 9:25 AM
PR Newswire (Canada) Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, May 6, 2026 /CNW/ -- Equity-Insider.com News Commentary — The post-quantum cryptography market hit $850 million in 2024 and is on track to top $10 billion by 2032, growing at a 38% compound annual rate[1]. That kind of capital is pouring in for one reason: quantum computers are expected to break the encryption protecting most sensitive data today, and the migration window is shrinking fast. The White House's March 2026 Cyber Strategy made the timeline official, designating post-quantum cryptography as a federal infrastructure priority alongside zero trust and cloud security[2]. Six companies are now positioned across the full migration stack, from enterprise readiness platforms to quantum-secured communications and identity verification: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Okta (NASDAQ: OKTA), Kyndryl (NYSE: KD), Quantum Computing (NASDAQ: QUBT), and Ciena (NYSE: CIEN). Analysts at MarketGenics project the broader sector will scale from $1 billion in 2025 to $45 billion by 2035, a 43% compound annual growth rate driven by the shift from pilot programs to full-scale enterprise deployment[3]. PwC's analysis of the federal strategy reinforces why: quantum-readiness roadmaps and crypto-agile infrastructure are becoming procurement prerequisites, which means the platforms that can actually execute a structured migration, not just flag the risk, are where the asymmetric value sits in this cycle[4].Quantum Secure Encryption (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) has released QPA v2, an enterprise platform designed to help organizations find exactly where their encryption is exposed to quantum computing and map out a plan to fix it before it becomes a problem.Quantum computers are expected to eventually break the encryption protecting most sensitive data today. Most large organizations already know this, but few have a practical way to act on it. QSE built QPA v2 to fill that gap. The platform walks teams through governance, budgets, and migration timelines using a step-by-step planning wizard. AI-powered modules score how prepared an organization's encryption actually is. Inventory tools scan software, hardware, and encryption infrastructure to flag what needs replacing. A centralized dashboard gives leadership a real-time view of risk and progress across the entire organization. QSE says the platform is already live with both current and prospective clients."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."QSE's public-sector traction is growing. The company recently landed its first municipal government pilot through MISA (Municipal Information Systems Association), a national network connecting Canadian municipalities with emerging technology. That municipality is now using QPA to identify which systems depend on encryption that quantum computers could eventually crack, and to start planning upgrades. QSE says conversations with additional municipalities are already underway.The commercial side has expanded just as fast. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors active and two more partnerships expected to close shortly. The company also joined CADSI (Canadian Association of Defence and Security Industries), opening new pathways into Canadian defence and public-sector procurement.QPA v2 connects to QSE's broader product suite, which includes quantum-resilient key infrastructure, the QAuth identity platform, and encrypted storage solutions. QSE is a Canadian post-quantum security company helping organizations protect sensitive data from the more powerful cyberattacks quantum computing is expected to enable, serving commercial, enterprise, and government clients ahead of a generational shift in encryption.CONTINUED… Read this and more on QSE at: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/Other industry developments and happenings in the market include:Okta (NASDAQ: OKTA) has unveiled a new blueprint for the secure agentic enterprise, addressing three critical questions organizations face in deploying AI agents: where agents exist, what they can connect to, and what actions they can take. Recent research cited in the announcement found that 88% of organizations report suspected or confirmed AI agent security incidents, yet only 22% treat AI agents as independent, identity-bearing entities."AI agents are evolving faster than any software before them, making traditional security models obsolete. Speed is now a given, but security is the differentiator," said Ric Smith, President of Products & Technology, Okta. "With this new blueprint, Okta is establishing the industry standard for the secure agentic enterprise. We enable companies to discover shadow agents, secure connection points, and maintain the ultimate 'kill switch' to protect their enterprise from evolving risks."To implement the framework, Okta is delivering Okta for AI Agents, a platform set for general availability on April 30, 2026, that discovers and registers known and unknown AI agents, standardizes agent access, and enables instant access revocation. The platform extends Okta's existing catalog of 8,200+ integrations to include dedicated support for AI agent platforms including Boomi, DataRobot, and Google Vertex AI.Kyndryl (NYSE: KD) released findings from its 2025-2026 Security and Networks Snapshot, revealing a significant gap between enterprise infrastructure investment and actual preparedness for converging modernization demands. Based on insights from 3,700 business and technology leaders across 21 countries, the report found that while 62% of organizations are investing in quantum technologies, only 4% of leaders view quantum as the most impactful near-term technology, and 25% of mission-critical networks, storage and servers are at end-of-service."Quantum threats, evolving data sovereignty rules and aging networks are not separate challenges; they are connected pressure points on the same system," said Paul Savill, Global Practice Leader, Cyber Security & Resiliency, Network & Edge, Kyndryl. "In the AI era, organizations engineered for agility, sovereignty awareness and quantum readiness will not only reduce risk, but also build the trust required to fuel innovation."The report also found that 84% of leaders say data sovereignty and repatriation regulations have grown more important in the past year, while only 37% believe their network infrastructure is ready for future risks. As enterprises face tightening regulatory environments and accelerating AI adoption, Kyndryl positions its advisory and managed services portfolio as central to closing the readiness gap at scale.Quantum Computing (NASDAQ: QUBT) and Ciena (NYSE: CIEN) jointly demonstrated next-generation quantum-secured communications at OFC 2026, showcasing a layered security architecture that integrates quantum key distribution, quantum authentication, and AES-256-GCM optical encryption. The solution addresses both current cybersecurity threats and future risks posed by quantum computers by combining optical-layer encryption with post-quantum cryptographic techniques."This collaboration demonstrates how quantum-secured communications can move from theory to deployment," said Pouya Dianat, Chief Revenue Officer of Quantum Computing. "By integrating our time-frequency entanglement-based QKD and quantum identity authentication technologies with Ciena's high-capacity optical encryption solution, we are delivering a layered security approach built for real-world networks."Quantum Computing's system features a time-frequency entanglement-based QKD architecture using telecom-band photons, and can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof, a hardware-based technology recognized with the 2023 Edison Patent Award. Following its February 2026 acquisition of Luminar Semiconductor, the company has expanded its manufacturing capabilities and product portfolio across photonics and optics components and systems."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future."Ciena's Waveserver platform anchors the demonstration, delivering optical AES-256-GCM encryption scaling to 1.6 Tb/s with support for NIST-certified post-quantum cryptography algorithms and ETSI-standard QKD interworking, positioning both companies at the forefront of enterprise quantum security deployment.FURTHER READING: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/CONTACT:
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info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.kingsresearch.com/report/post-quantum-cryptography-market-3039 https://www.whitehouse.gov/wp-content/uploads/2026/03/president-trumps-cyber-strategy-for-america.pdf https://www.openpr.com/news/4433132/post-quantum-cryptography-market-poised-to-redefine-global https://www.pwc.com/us/en/services/consulting/cybersecurity-risk-regulatory/library/trump-cyber-strategy.html Logo - https://mma.prnewswire.com/media/2840019/5955974/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/industry-leaders-demonstrate-integrated-post-quantum-security-solutions-at-ofc-2026-302763984.html Original: Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026
US Market News
1月前
KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2026 RESULTSMay 6, 2026 7:00 AM
PR Newswire (US) Revenues for the quarter ended March 31, 2026 total $3.8 billion, pretax income is $132 million, net income is $17 million, adjusted EBITDA is $688 million, and adjusted pretax income is $162 millionFiscal year 2026 revenues total $15.1 billion, pretax income is $414 million, net income is $198 million, adjusted EBITDA is $2.7 billion, and adjusted pretax income is $581 millionCompany provides fiscal year 2027 outlookNEW YORK, May 6, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today released financial results for its 2026 fiscal year and the quarter ended March 31, 2026, the fourth quarter of its 2026 fiscal year. "With our mission-critical engineering expertise, we continue to support our customers' most complex IT environments while taking disciplined actions to strengthen our business," said Kyndryl Chairman and Chief Executive Officer Martin Schroeter. "Enterprises are turning to Kyndryl for our high-value services across agentic AI, IT modernization, public and private cloud and cybersecurity to help them modernize at scale, strengthen resilience and unlock greater business value." "As we move into fiscal 2027, we are focused on consistent execution and improving business fundamentals to drive profitability and cash flow and support our multi-year objectives."Results for the Fiscal Year Ended March 31, 2026For the fiscal year ended March 31, 2026, Kyndryl reported revenues of $15.1 billion, flat on a reported basis year-over-year and a decrease of 3% on a constant currency basis. The Company reported pretax income of $414 million, compared to a pretax income of $435 million in fiscal year 2025. The income tax expense was $215 million, an increase from $184 million in the prior-year period, reflecting a non-recurring, non-cash tax accrual from the refinement of certain tax positions recorded in the fourth quarter, and the jurisdictional mix of our earnings. Net income was $198 million, or $0.85 per diluted share, in the year, compared to net income of $252 million, or $1.05 per diluted share, in the prior year. Cash flow from operations was $948 million, compared to $942 million in fiscal year 2025.Adjusted pretax income was $581 million, a 21% increase compared to adjusted pretax income of $482 million in the prior-year period. Adjusted net income was $341 million, or $1.46 per diluted share, compared to adjusted net income of $285 million, or $1.19 per diluted share in the prior-year period. Adjusted EBITDA was $2.7 billion, a 6% year-over-year increase. Free cash flow was $406 million in fiscal year 2026, compared to $419 million in fiscal year 2025. See "Non-GAAP Metric Definitions and Reconciliations."Signings for fiscal year 2026 were $13.5 billion, including 38 contracts in excess of $50 million led by the United States segment. Among these large deals, more than 30% consisted of new scope and new logos, doubling from approximately 15% in the prior year period. Kyndryl's signings performance, including new scope over the last few years, better positions the Company to drive toward its multi-year objectives.Results for the Fiscal Fourth Quarter Ended March 31, 2026For the fourth quarter, Kyndryl reported revenues of $3.8 billion, a year-over-year decrease of 1% on a reported basis and a year-over-year decrease of 5% in constant currency. The Company reported pretax income of $132 million, a 12% increase compared to pretax income of $118 million in the fourth quarter of fiscal 2025. The income tax expense was $115 million, an increase from $50 million in the prior-year period, reflecting a non-recurring, non-cash tax accrual from the refinement of certain tax positions. Net income was $17 million, or $0.08 per diluted share, in the quarter, compared to net income of $68 million, or $0.28 per diluted share, in the prior-year period. Cash flow from operations was $499 million, compared to $581 million in the fourth quarter of fiscal 2025.Adjusted pretax income was $162 million, compared to adjusted pretax income of $185 million in the prior-year period. Adjusted net income was $40 million, or $0.18 per diluted share, compared to adjusted net income of $126 million, or $0.52 per diluted share, in the prior-year period. Adjusted EBITDA was $688 million, compared to adjusted EBITDA of $698 million in the prior-year period. Free cash flow was $388 million in the quarter, compared to $353 million in the fourth quarter of fiscal 2025. See "Non-GAAP Metric Definitions and Reconciliations."Share RepurchasesThe Company repurchased 11.6 million shares of its common stock at a cost of $304 million in fiscal 2026, of which 3.3 million were purchased in the fourth quarter at a cost of $49 million. Since the authorization of its share repurchase program in November 2024, the Company has bought back 14.3 million shares for $398 million, or 6% of its shares outstanding with approximately $302 million of capacity remaining under the program.Fiscal Year HighlightsHyperscaler-related revenue – In fiscal 2026, Kyndryl recognized $1.9 billion in hyperscaler-related revenue, a 59% increase year-over-year, exceeding its $1.8 billion target for the full year.Kyndryl Consult revenue – In fiscal 2026, Kyndryl Consult revenues were $3.5 billion, a year-over-year increase of 18%, with signings of $4 billion for fiscal 2026.Strong projected margin on signings – Projected pretax margin associated with fiscal 2026 signings was in the high-single-digit range, demonstrating the Company's ability to build expected profit into its services contracts.Incremental contribution from three-A's initiatives – The Company's Advanced Delivery initiative, focused on AI-enabled automation through our Kyndryl Bridge operating platform, and its Accounts initiative to address relationships with substandard margins continued to drive earnings growth and margin expansion in fiscal 2026.Artificial intelligence – During fiscal 2026, the Company launched the Kyndryl Agentic AI Framework, enabling customers to adopt and scale agentic AI across on-premises, cloud and hybrid environments. Building on this foundation, Kyndryl introduced agentic AI services for workforce readiness, Agentic AI Digital Trust to govern and secure deployments, agentic AI services for the mainframe to accelerate modernization, and most recently launched Agentic Service Management to enable autonomous IT operations at scale.Fiscal Year 2027 OutlookKyndryl is providing the following outlook for its fiscal year 2027:Adjusted pretax income of $600 to $700 millionConsistent with our definition of adjusted pretax income since fiscal 2025, this includes workforce rebalancing chargesFree cash flow of $400 to $500 millionConstant-currency revenue flat to down 2%See "Non-GAAP Metric Definitions and Reconciliations."Earnings Webcast Kyndryl's earnings call for the fourth fiscal quarter is scheduled to begin at 8:30 a.m. ET on May 6, 2026. The live webcast can be accessed by visiting investors.kyndryl.com on Kyndryl's investor relations website. A slide presentation will be made available on Kyndryl's investor relations website before the call on May 6, 2026. Following the event, a replay will be available via webcast for twelve months at investors.kyndryl.com.About KyndrylKyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Forward-Looking and Cautionary StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, including without limitation the outlook and financial objectives in this press release (which does not assume any future acquisitions or divestitures), are forward-looking statements. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. Forward-looking statements are based on the Company's current assumptions and beliefs regarding future business and financial performance.The Company's actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others: failure to attract new customers, retain existing customers or sell services to customers; failure to meet growth and productivity objectives and maintain our capital allocation strategy; competition; impacts of relationships with critical suppliers and partners; failure to address and adapt to technological developments and trends; inability to attract and retain key personnel and other skilled employees; impact of economic, geopolitical, public health and other conditions; damage to the Company's reputation and impact on the Company and our stock price resulting from negative publicity; inability to accurately estimate the cost of services and the timeline for completion of contracts; service delivery issues; the Company's ability to successfully manage acquisitions and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities and higher debt levels; the Company's ability to refinance maturing debt on favorable terms in a timely manner, or at all, and risks related to the Company's access to capital and credit markets; failure of the Company's intellectual property rights to prevent competitive offerings and the failure of the Company to obtain, retain and extend necessary licenses; the impairment of our goodwill or long-lived assets; risks relating to cybersecurity, data governance and privacy; risks relating to non-compliance with legal and regulatory requirements and changes in laws, regulations and policies in the U.S. and countries where the Company and its customers do business, including with respect to tariffs, taxes and other controls on imports or exports; adverse effects from tax matters; risks related to legal and regulatory claims, suits, investigations, proceedings and other matters, and consequences relating thereto; the Company's ability to remediate, and the timing and costs related to the remediation of, material weaknesses in internal control over financial reporting, as well as the Company's ability to maintain effective controls in the future; the impact of changes in market liquidity conditions and customer credit risk on receivables; the Company's pension plans; the impact of currency fluctuations; and risks related to the Company's common stock and the securities market.Additional risks and uncertainties include, among others, those risks and uncertainties described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and quarterly report on Form 10-Q for the quarter ended December 31, 2025, as such factors may be updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission. Any forward-looking statement in this press release speaks only as of the date on which it is made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In this release, certain amounts may not add due to the use of rounded numbers; percentages presented are calculated based on the underlying amounts. Forecasted amounts are based on currency exchange rates as of April 2026.Non-GAAP Financial MeasuresIn an effort to provide investors with additional information regarding its results, the Company has provided certain metrics that are not calculated based on generally accepted accounting principles (GAAP), such as constant-currency results, adjusted EBITDA, adjusted pretax income, adjusted net income, adjusted EPS, adjusted EBITDA margin, adjusted pretax margin, adjusted net margin, net debt, free cash flow, adjusted free cash flow and adjusted operating cash flow. Such non-GAAP metrics are intended to supplement GAAP metrics, but not to replace them. The Company's non-GAAP metrics may not be comparable to similarly titled metrics used by other companies. Definitions and additional information about our calculation of non-GAAP metrics and reconciliations of non-GAAP metrics for historical periods to GAAP metrics are included in the tables in this release.A reconciliation of forward-looking non-GAAP financial information is not included in this release because the Company is unable to predict with reasonable certainty some individual components of such reconciliation without unreasonable effort. These items are uncertain, depend on various factors and could have a material impact on future results computed in accordance with GAAP. Investor Contact:
investors@kyndryl.com Media Contact:
press@kyndryl.comTable 1CONSOLIDATED INCOME STATEMENT(in millions, except per share amounts)
Three Months Ended
Year Ended
March 31,
March 31,
2026
2025
2026
2025Revenues
$3,769
$3,800
$15,092
$15,057
Cost of services
$2,920
$2,975
$11,803
$11,914Selling, general and administrative expenses
678
640
2,654
2,591Workforce rebalancing charges
(1)
23
60
114Transaction-related costs (benefits)
3
2
41
(125)Interest expense
29
23
89
100Other expense (income)
8
18
32
27Total costs and expenses
$3,637
$3,682
$14,678
$14,622
Income before income taxes
$132
$118
$414
$435Provision for income taxes
115
50
215
184Net income
$17
$68
$198
$252
Earnings per share data
Basic earnings per share
$0.08
$0.30
$0.87
$1.09Diluted earnings per share
0.08
0.28
0.85
1.05
Weighted-average basic shares outstanding
224.8
231.4
228.3
231.5Weighted-average diluted shares outstanding
228.0
241.7
233.8
239.1
Table 2SEGMENT RESULTSAND SELECTED BALANCE SHEET INFORMATION(dollars in millions)
Three Months Ended March 31,
Year-over-Year Growth
As
ConstantSegment Results
2026
2025
Reported
CurrencyRevenue
United States
$1,016
$969
5 %
5 %Japan
556
605
(8 %)
(5 %)Principal Markets
1,281
1,273
1 %
(7 %)Strategic Markets
916
953
(4 %)
(12 %)Total revenue
$3,769
$3,800
(1 %)
(5 %)Adjusted EBITDA
United States
$239
$228
Japan
122
102
Principal Markets
206
231
Strategic Markets
147
161
Corporate and other
(26)
(24)
Total adjusted EBITDA
$688
$698
Year Ended March 31,
Year-over-Year Growth
As
ConstantSegment Results
2026
2025
Reported
CurrencyRevenue
United States
$3,784
$3,876
(2 %)
(2 %)Japan
2,284
2,358
(3 %)
(4 %)Principal Markets
5,399
5,206
4 %
(2 %)Strategic Markets
3,625
3,617
0 %
(5 %)Total revenue
$15,092
$15,057
0 %
(3 %)Adjusted EBITDA
United States
$835
$725
Japan
486
390
Principal Markets
834
886
Strategic Markets
622
606
Corporate and other
(105)
(90)
Total adjusted EBITDA
$2,672
$2,516
March 31,? March 31,
Balance Sheet Data
2026
2025
Cash and equivalents
$2,623
$1,786
Debt (short-term and long-term)
4,089
3,172
Table 3CONSOLIDATED STATEMENT OF CASH FLOWS(dollars in millions)
Year Ended March 31,
2026
2025Cash flows from operating activities:
Net income
$198
$252Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
Depreciation of property, equipment and capitalized software
762
660Depreciation of right-of-use assets
289
327Amortization of transition costs and prepaid software
1,239
1,278Amortization of capitalized contract costs
458
420Amortization of acquisition-related intangible assets
27
30Stock-based compensation
64
100Deferred taxes
(24)
(1)Net (gain) loss on asset sales and other
115
(152)Change in operating assets and liabilities:
Right-of-use assets and liabilities (excluding depreciation)
(330)
(314)Workforce rebalancing liabilities
(19)
(25)Current accounts receivable
84
284Lease and other receivables
(212)
5Accounts payable
(93)
(89)Taxes
107
(1)Deferred transition costs and prepaid software (excluding amortization)1
(2,189)
(1,338)Capitalized contract costs (excluding amortization)
(444)
(425)Other assets and other liabilities1
916
(71)Net cash provided by operating activities
$948
$942
Cash flows from investing activities:
Capital expenditures
$(608)
$(605)Proceeds from disposition of property and equipment
65
83Acquisitions and divestitures, net of cash acquired
1
139Other investing activities, net
(19)
(20)Net cash used in investing activities
$(561)
$(404)
Cash flows from financing activities:
Debt repayments
$(146)
$(148)Proceeds from borrowings under the revolving credit facility
1,000
—Common stock repurchases
(304)
(93)Common stock repurchases for tax withholdings
(94)
(45)Other financing activities, net
1
—Net cash provided by (used in) financing activities
$457
$(286)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$(9)
$(16)Net change in cash, cash equivalents and restricted cash
$836
$235
Cash, cash equivalents and restricted cash at beginning of period
$1,789
$1,554Cash, cash equivalents and restricted cash at end of period
$2,626
$1,789
Supplemental data
Income taxes paid, net of refunds received
$151
$149Interest paid on debt
$115
$119_____________________________1Includes $826 million non-cash offsetting increases in deferred costs and other liabilities related to an extended and amended multi-year software license in the year ended March 31, 2026.Table 4
NON-GAAP METRIC DEFINITIONS AND RECONCILIATIONS
(dollars in millions, except signings)We report our financial results in accordance with GAAP. We also present certain non-GAAP financial measures to provide useful supplemental information to investors. We provide these non-GAAP financial measures as we believe it enhances investors' visibility to management decisions and their impacts on operational performance; enables better comparison to peer companies; and allows us to provide a long-term strategic view of the business going forward. Moreover, we use certain of these non-GAAP financial metrics in measuring performance under our executive compensation plans.Constant-currency information compares results between periods as if exchange rates had remained constant period over period. We define constant-currency revenues as total revenues excluding the impact of foreign exchange rate movements and use it to determine the constant-currency revenue growth on a year-over-year basis. Constant-currency revenues are calculated by translating current period revenues using corresponding prior-period exchange rates.Adjusted pretax income is defined as pretax income excluding transaction-related costs and benefits, charges related to ceasing to use leased / fixed assets, charges related to lease terminations, pension costs other than pension servicing costs and multi-employer plan costs, stock-based compensation expense, amortization of acquisition-related intangible assets, workforce rebalancing charges incurred prior to March 31, 2024, impairment expense, significant litigation costs and benefits, and currency impacts of highly inflationary countries. Adjusted pretax margin is calculated by dividing adjusted pretax income by revenue.Adjusted EBITDA is defined as net income excluding net interest expense, income taxes, depreciation and amortization (excluding depreciation of right-of-use assets and amortization of capitalized contract costs), charges related to ceasing to use leased / fixed assets, charges related to lease terminations, transaction-related costs and benefits, pension costs other than pension servicing costs and multi-employer plan costs, stock-based compensation expense, workforce rebalancing charges incurred prior to March 31, 2024, impairment expense, significant litigation costs and benefits, and currency impacts of highly inflationary countries. Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenue.Adjusted net income is defined as adjusted pretax income less the reported provision for income taxes, minus or plus the tax effect of the non-GAAP adjustments made to calculate adjusted pretax income, and excluding exceptional items impacting the reported provision for income taxes. Adjusted net margin is calculated by dividing adjusted net income by revenue.Adjusted earnings per share (EPS) is defined as adjusted net income divided by diluted weighted average shares outstanding to reflect shares that are dilutive or anti-dilutive based on the amount of adjusted net income. The weighted average common shares outstanding used to calculate adjusted earnings per share will differ from such shares used to calculate diluted earnings per share (GAAP) when the inclusion of dilutive shares has an anti-dilutive effect for one calculation but not for the other.Free cash flow is defined as cash flows from operating activities (GAAP), less net capital expenditures. Adjusted free cash flow is defined as cash flows from operating activities (GAAP) after adding back transaction-related payments, charges related to lease terminations, payments related to workforce rebalancing charges incurred prior to March 31, 2024, and significant litigation payments (collectively referred to as adjusted operating cash flow), less net capital expenditures. Management uses free cash flow and adjusted free cash flow as measures to evaluate our operating results, plan strategic investments and assess our ability and need to incur and service debt. We believe these metrics are useful supplemental financial measures to aid investors in assessing our ability to pursue business opportunities and investments and to service our debt. Free cash flow, adjusted free cash flow and adjusted operating cash flow are financial measures that are not recognized under U.S. GAAP and should not be considered as an alternative to cash flows from operations or liquidity derived in accordance with U.S. GAAP. As part of the Company's ongoing cash and commercial management strategy with customers and suppliers and as previously disclosed, the Company's standard practice since the time of the Company's spin-off from International Business Machines Corporation is to actively manage the Company's working capital, including accounts receivables and accounts payables. This includes optimizing payment terms and conditions, accelerating certain cash receipts and delaying certain cash payments (including deferring vendor payments quarter to quarter), and undertaking other discretionary cash and working capital management initiatives. The magnitude of these practices (including deferrals) has varied from quarter to quarter and impacted the Company's cash flows (and related non-GAAP financial measure of adjusted free cash flow), including positively in certain periods. The effects of these practices have been and are reflected in the Company's accounts payable, accounts receivable and cash flow balance, which are accounted for in accordance with GAAP. The Company's working capital and cash flows have also reflected the impact of accrued contract costs in certain periods due to the timing of vendor billings. The Company may, from time to time, revise or adapt the Company's cash and working capital management practices as it deems appropriate. Free cash flow, adjusted free cash flow, adjusted operating cash flow for the three and twelve months ended March 31, 2026 and 2025, as well as the free cash flow guidance and adjusted free cash flow targets included in this press release or the Company's other earnings materials, reflect the historical and expected application of these practices.Signings are defined by Kyndryl as an initial estimate of the value of a customer's commitment under a contract. The calculation involves estimates and judgments to gauge the extent of a customer's commitment. We calculate this based on various considerations including the type and duration of the agreement as well as the presence of termination charges or wind-down costs. Contract extensions and increases in scope are treated as signings only to the extent of the incremental new value. Signings can vary over time due to a variety of factors including, but not limited to, the timing of signing a small number of larger outsourcing contracts, as well as the length of those contracts. The conversion of signings into revenue may vary based on the types of services and solutions, customer decisions and other factors, which may include, but are not limited to, macroeconomic environment or external events. Management uses signings to monitor the performance of the business, as a measure of customer engagement and our ability to drive growth.Reconciliation of net income
to adjusted pretax income,
adjusted EBITDA, adjusted net
Three Months Ended
Year Endedincome and adjusted EPS
March 31,
March 31,(in millions, except per share amounts)
2026
2025
2026
2025Net income (GAAP)
$17
$68
$198
$252Provision for income taxes
115
50
215
184Pretax income (GAAP)
$132
$118
$414
$435Charges related to ceasing to use leased/fixed
assets and lease terminations
—
19
—
48Transaction-related costs (benefits)1
3
2
41
(125)Stock-based compensation expense (benefit)
(10)
22
64
100Amortization of acquisition-related intangible
assets
7
7
27
30Other adjustments2
30
17
36
(6)Adjusted pretax income (non-GAAP)
$162
$185
$581
$482Interest expense
29
23
89
100Depreciation of property, equipment and
capitalized software
185
186
762
656Amortization of transition costs and prepaid
software
312
304
1,239
1,278Adjusted EBITDA (non-GAAP)
$688
$698
$2,672
$2,516Net income margin
0.5 %
1.8 %
1.3 %
1.7 %Adjusted EBITDA margin
18.3 %
18.4 %
17.7 %
16.7 %
Adjusted pretax income (non-GAAP)
$162
$185
$581
$482Provision for income taxes (GAAP)
(115)
(50)
(215)
(184)Tax effect of non-GAAP adjustments
(7)
(9)
(25)
(14)Adjusted net income (non-GAAP)
$40
$126
$341
$285Diluted weighted average shares outstanding for
calculating adjusted EPS
228.0
241.7
233.8
239.1
Diluted earnings per share (GAAP)
$0.08
$0.28
$0.85
$1.05Adjusted earnings per share (non-GAAP)
$0.18
$0.52
$1.46
$1.19_____________________________1Kyndryl's reported results for the year ended March 31, 2025 include a transaction-related gain of $145 million pretax ($138 million after-tax) related to the Company's divestiture of its Securities Industry Services platform in Canada. Kyndryl's reported results for the year ended March 31, 2026 include a transaction-related loss of $38 million pretax ($28 million after-tax) related to an interim arbitration decision on a pre-spin (2006) matter.2Other adjustments represent pension costs other than pension servicing costs and multi-employer plan costs, significant litigation costs and benefits, and currency impacts of highly inflationary countries.
Three Months Ended
Year EndedReconciliation of cash flows from operations
March 31,
March 31,to free cash flow (in millions)
2026
2025
2026
2025Cash flows from operating activities (GAAP)
$499
$581
$948
$942Less: Net capital expenditures1
(111)
(228)
(543)
(522)Free cash flow (non-GAAP)2
$388
$353
$406
$419_____________________________1Net capital expenditures consists of capital expenditures less proceeds from dispositions of property and equipment.2 See "Non-GAAP Metric Definitions and Reconciliations" for more information about our calculation of free cash flow.
Reconciliation of cash flows from operations
Year Endedto adjusted operating cash flow and
March 31,adjusted free cash flow (in millions)
2026
2025Cash flows from operating activities (GAAP)
$948
$942Plus: Transaction-related payments (benefits)
2
(14)Plus: Workforce rebalancing payments related to
charges incurred prior to March 31, 2024
—
25Plus: Significant litigation payments
12
15Adjusted operating cash flow (non-GAAP)1
$963
$968Less: Net capital expenditures
(543)
(522)Adjusted free cash flow (non-GAAP)1
$420
$446_____________________________1See "Non-GAAP Metric Definitions and Reconciliations" for more information about our calculation of adjusted operating cash flow and adjusted free cash flow.
Three Months Ended
Year Ended
March 31,
March 31,Signings (in billions)
2026
2025
2026
2025Signings1
$3.6
$5.5
$13.5
$18.2_____________________________1Currency movements favorably impacted the year-over-year change by approximately two points in the three- and twelve-month periods ended March 31, 2026, respectively. View original content to download multimedia:https://www.prnewswire.com/news-releases/kyndryl-reports-fourth-quarter-and-full-year-2026-results-302764051.htmlSOURCE Kyndryl Original: KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2026 RESULTS
US Market News
2月前
Kyndryl Named a Leader in 2026 ISG Provider Lens™ Mainframes - Services and SolutionsApril 20, 2026 9:00 AM
PR Newswire (US)
Report highlights Kyndryl's modernization capabilities and AI-enabled models that help enterprises advance their mainframe strategies.NEW YORK, April 20, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced that it has been recognized as a Leader in three categories in the 2026 ISG Provider Lens™ Mainframes — Services and Solutions Report, including Mainframe Technology Consulting, Mainframe as a Service (MFaaS) and Application Modernization Services.
The ISG recognition underscores Kyndryl's expertise supporting mission-critical mainframe environments and its commitment to delivering modernization built on security and governance, supported by automation, AIOps and AI-enabled discovery. It also reflects the company's continued investment in workforce development, ecosystem partnerships and resilient modernization pathways for regulated industries."Kyndryl's comprehensive mainframe consulting service enables it to support discrete projects and multi-year transformations, addressing both infrastructure and applications across various hosting models," said Pedro L. Bicudo Maschio, ISG distinguished analyst and author. He added that Kyndryl's MFaaS and agentic-AI capabilities offer customers predictable economics, operational agility and modernization readiness."ISG's recognition reinforces what we're hearing from customers: they want to modernize mainframe environments without compromising resilience," said Shawn D'Souza, SVP, Global Digital Consult Leader, Kyndryl. "At Kyndryl, we combine deep mainframe expertise with AI-enabled insights, strong governance, and ecosystem partnerships to help clients integrate and modernize responsibly across hybrid cloud environments."ISG recognized Kyndryl in the following areas:Leader in Mainframe Technology Consulting: ISG cited the company's strategy and assessment-led approach, targeted optimization, and hybrid cloud integration focus, supported by Kyndryl Bridge and agentic AI-enabled automated discovery and operational insights.Leader in the Mainframe as a Service quadrant: ISG recognized Kyndryl for operating a large global MFaaS and mainframe outsourcing footprint. The report highlighted Kyndryl's flexible consumption models, ranging from customer-owned environments to shared platforms like zCloud and C4i, and its continued investment in AI-driven autonomy, observability and IBM Z modernization aligned with customer resiliency and scalability needs.Leader in Application Modernization Services: ISG highlighted the company's end-to-end modernization approach — from structured assessments and iterative implementation to hybrid cloud integration—enabled by Kyndryl Bridge and its agentic AI and governance capabilities, alongside strong hyperscaler alliances.The report provides guidance for enterprises navigating generative AI-driven discovery, deterministic modernization approaches, AIOps adoption and hybrid integration, while evaluating providers' ability to support resilient and scalable mainframe operations.Read a copy of the 2026 ISG Provider Lens™ Mainframes — Services and Solutions Report and learn more about Kyndryl's mainframe and modernization services.About ISG Provider Lens® Research
The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, visit www.isg-one.com/research/isg-provider-lens.About ISG
ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Kyndryl Press Contact
press@kyndryl.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/kyndryl-named-a-leader-in-2026-isg-provider-lens-mainframes--services-and-solutions-302746178.htmlSOURCE Kyndryl
Original: Kyndryl Named a Leader in 2026 ISG Provider Lens™ Mainframes - Services and Solutions
US Market News
2月前
Kyndryl Launches AI-Powered Digital Twin for the WorkplaceApril 9, 2026 9:15 AM
PR Newswire (US)
Built on Microsoft Foundry, Kyndryl's solution helps enterprises predict, prevent and resolve technology disruptions NEW YORK, April 9, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced the Kyndryl Digital Twin for the Workplace, a new AI-powered capability designed to help organizations avoid workflow disruption by anticipating and resolving technology issues. Built on Microsoft Foundry, the solution combines predictive intelligence, automation, and operational insight to address one of the most critical challenges of the digital workplace — improving the employee experience through automated IT service operations.
With Kyndryl Digital Twin for the Workplace, organizations can detect and address employee technology issues proactively. The capability continuously analyzes signals from employee devices, applications and workplace locations. The solution then automatically triggers alerts, recommends corrective actions and dispatches support resources before a system freezes or fails. By resolving issues behind the scenes, the solution helps keep employees productive and operations running smoothly."As a company, we sit squarely at the intersection of people, places, and technology, where real work happens, not just systems," said Michael Przytula, Digital Workplace Practice Leader, Kyndryl. "At Kyndryl, we're moving beyond reactionary support toward predictive experience engineering, turning experience data into foresight and real business impact from day one. This isn't just about optimizing tools; it is about elevating human work itself, anticipating friction before users feel it, mobilizing insights into action, and unlocking value that transforms how organizations work in the real world."Today's enterprises face a growing Digital Workplace challenge: employee productivity increasingly depends on complex, interconnected technology, yet most IT organizations still rely on reactive, break-fix support models. Issues are often discovered only after employees are impacted — leading to lost productivity, frustrated workers and disrupted operations.In mission-critical environments such as airports, even minor technology disruptions can have major downstream effects. For instance, a slow or unstable gate agent workstation can force employees to move terminals to keep flights on schedule — creating friction for staff and customers alike. This example reflects a broader challenge facing organizations across industries: how to dynamically support a distributed, technology-dependent workforce at scale, instead of waiting to repair systems after they break.The Kyndryl Digital Twin for the Workplace creates a virtual representation of how work happens across an organization. The unified view of workplace health and performance allows IT teams to see where work is being slowed, what is causing it and how to fix it before employees are affected. This is done using simulated user personas and aggregated patterns, not individual employee tracking, enabling privacy by design.Running on Microsoft Azure, the Kyndryl Digital Twin for the Workplace utilizes Microsoft Foundry to orchestrate its advanced AI capabilities. By combining Kyndryl's deep expertise in digital workplace operations with Microsoft's AI platform, organizations can move beyond experimentation to production-ready AI-driven workplace solutions, including:Agentic AI optimization: AI agents autonomously identify issues, recommend fixes, and validate outcomesLocation-aware workplace health: Real-time visibility into the digital performance of specific offices or regionsSmarter asset and logistics planning: Integrates with inventory and supply chain systems to predict hardware refresh needs and optimize stock placementThe launch builds on a year of significant momentum for Kyndryl's digital workplace offerings, including recognition as a Leader in the 2025 Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services for the second time. The Kyndryl Digital Twin for the Workplace also serves as the next evolution of the Kyndryl Microsoft Acceleration Hub, launched in late 2025, extending Kyndryl's AI-powered capabilities to transform workplace operations.Learn more about the Kyndryl Digital Twin for the Workplace.About Kyndryl Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Gartner Disclaimer Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner, Magic Quadrant for Outsourced Digital Workplace Services, Karl Rosander, Katja Ruud, Biswajit Maity, Matt Baldino, Joe Trejo, 10 November 2025. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner's business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.Kyndryl Press Contact
press@kyndryl.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/kyndryl-launches-ai-powered-digital-twin-for-the-workplace-302738311.htmlSOURCE Kyndryl
Original: Kyndryl Launches AI-Powered Digital Twin for the Workplace
US Market News
2月前
Kyndryl launches Agentic Service Management to power AI-native infrastructure services and intelligent workflowsApril 2, 2026 12:01 AM
PR Newswire (US)
NEW YORK, April 2, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today launched its Agentic Service Management, which combines a maturity model, structured assessments and implementation blueprints to help enterprises transition from traditional service operations to autonomous, intelligent workflows at scale. Kyndryl's Agentic Service Management assesses alignment with emerging industry standards and governance frameworks for AI-native environments, allowing customers to adopt agentic IT service management with security and reliability as design principles.
Today's IT systems were not designed for agentic AI—creating a growing gap between what AI systems can do and what enterprise environments can reliably support. According to the Kyndryl Readiness Report, while more than two-thirds of organizations are investing heavily in AI, nearly half struggle to achieve meaningful returns. This is often because their governance, workflows and controls remain rooted in the pre-AI era."Most enterprise environments were built for people running tickets and tools, not for fleets of autonomous agents executing tasks across hybrid and multi-cloud estates—and this mismatch is limiting AI from moving out of pilots to outcomes," said Kris Lovejoy, Global Head of Strategy, Kyndryl. "You can't scale agentic workflows on top of operating models that were designed for manual work. Organizations need clear controls, repeatable practices and measurable stages of adoption so AI agents can act autonomously where appropriate—while people remain accountable for governance, risk and service outcomes."Kyndryl's Agentic Service Management draws upon decades of experience managing mission-critical infrastructure for thousands of organizations, the Company's intellectual property and its experience implementing agentic AI into its own service delivery operations. The approach helps organizations close the gap between AI innovation and operational readiness.Building a maturity path to agentic IT service management
Offered through Kyndryl Consult, the Agentic Service Management maturity assessment evaluates an organization's current state and prioritizes gaps across service management, AI governance, security and operations. The assessment helps customers review their existing policies, controls and workflows against relevant standards and frameworks to determine readiness for agentic operations—pursuant to ISO 42001. Kyndryl then delivers a tailored gap analysis and a phased roadmap to help customers adopt agentic IT service management responsibly, with guardrails and human oversight to support autonomous capabilities across cloud-native and AI-native environments.Also available as a standalone service is Kyndryl Agentic AI Digital Trust, which supports Agentic Service Management and helps enterprises govern, reduce risk and scale agentic AI deployments across hybrid and multi-cloud environments. Kyndryl Agentic AI Digital Trust provides a security-first framework for managing how AI agents operate, particularly in regulated industries where data protection, compliance and classification are essential.Applying Agentic AI to IT Service Delivery
Kyndryl is also applying its Agentic Service Management internally to modernize how it delivers IT services to customers. Through Kyndryl Bridge, several of these capabilities are available today to Kyndryl's customers, enriching operational intelligence and augmenting the people responsible for oversight and decision-making across mission-critical systems. Kyndryl's agentic AI capabilities build on the Company's existing automation foundation, which currently executes nearly 200 million automations each month through more than 8,000 certified playbooks.Learn more about Kyndryl Agentic Service Management.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Forward-looking statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K and quarterly report on Form 10-Q for the quarter ended December 31, 2025, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.Kyndryl press contact
press@kyndryl.com
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Original: Kyndryl launches Agentic Service Management to power AI-native infrastructure services and intelligent workflows
US Market News
3月前
Kyndryl Ranked as Leader in 2025 ISG Provider Lens™ Digital Sustainability Report for IT Solutions and ServicesMarch 3, 2026 9:00 AM
PR Newswire (US)
Report recognizes Kyndryl for broadening sustainability capabilities beyond IT infrastructure into data and operational technologyNEW YORK, March 3, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced that it has been recognized as a Leader for 'IT Solutions and Services' in Europe and the United States in the 2025 ISG Provider Lens™ Digital Sustainability report.
Enterprises across Europe and the United States are shifting their sustainability efforts from meeting regulatory requirements to delivering measurable financial and operational outcomes, according to ISG research. While evolving regulations and energy system transformation continue to act as important triggers, organizations are increasingly investing in integrated digital sustainability solutions that connect environmental, social and governance across IT, operational technology and core business functions.ISG research shows enterprises are prioritizing efficiency, resilience, risk management and transparency – and are seeking technology partners that can translate data, AI and industry expertise into verifiable outcomes that support competitiveness and long-term value creation."Kyndryl is broadening its sustainability capabilities beyond IT infrastructure into data and operational technology, leveraging its existing customer base to scale and offering solutions relevant to customers globally," said Matt Warburton, Principal Consultant and Digital Sustainability Lead at ISG.The Leader designation reflects Kyndryl's positioning in the 'IT Solutions and Services' quadrant, one of the core digital sustainability capability areas assessed by ISG. The study evaluates providers based on portfolio strength, market presence and demonstrated ability to deliver measurable sustainability outcomes for enterprise clients."Kyndryl's recognition as a Leader in the report reflects our commitment to helping customers run and transform their most critical technology systems in a more sustainable way," said Faith Taylor, Senior Vice President of Global Citizenship and Sustainability at Kyndryl. "By combining deep technical expertise with data, AI and a strong ecosystem partnership, we are enabling organizations to translate their sustainability ambitions into measurable outcomes."According to ISG, Kyndryl's strengths include integrated environment optimization, application and algorithm efficiency, and strategic partnerships and technology integration. ISG notes that Kyndryl Sustainability Advisor combines consulting, managed services and a platform approach to centralize energy, emissions, water and e-waste data across enterprise IT estates, leveraging Kyndryl Bridge – the Company's AI-powered, open-integration platform – for granular visibility across servers, virtual machines and applications.ISG also highlights Kyndryl's work embedding sustainability into application development and management services, including reengineering applications and algorithms for energy efficiency and bias prevention, as well as its partnerships with hyperscalers to enhance sustainability solutions related to energy, carbon management and cloud migration impacts.Read the 2025 ISG Provider Lens Digital Sustainability report for IT Solutions and Services in Europe, and learn more about environmental sustainability at Kyndryl.About ISG Provider Lens® Research
The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, visit this?webpage.? About ISG
ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments. About Kyndryl?
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit?www.kyndryl.com.????Kyndryl press contact??
press@kyndryl.com??
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Original: Kyndryl Ranked as Leader in 2025 ISG Provider Lens™ Digital Sustainability Report for IT Solutions and Services
US Market News
4月前
Kyndryl and University of Liverpool to Spearhead Health Innovation with Agentic AIFebruary 24, 2026 4:00 AM
PR Newswire (US)
Collaboration combines Kyndryl's AI Innovation Lab and Kyndryl Consult AI expertise with the University of Liverpool's Civic Health Innovation Labs and AI for Life FrontierKyndryl Agentic AI Framework and the University's research expertise will be applied to co-develop blueprints for next-generation healthcare technologiesLONDON, Feb. 24, 2026 /PRNewswire/ -- Kyndryl, a leading provider of mission-critical enterprise technology services, and the University of Liverpool's Civic Health Innovation Labs (CHIL), will collaborate to explore how emerging AI technologies could be utilized to strengthen future healthcare services.
Through the initiative, Kyndryl and the University plan to co-develop blueprints for next-generation healthcare technologies, using Kyndryl's Agentic AI Framework and the University's research expertise. In phase one, the collaboration aims to generate and evaluate conceptual AI projects with the potential to evolve and improve patient interaction. Potential areas of collaboration include the development of conversational AI services, such as voice agents, to help patients record how they feel, how well they use medicines, and how to make the best use of the NHS and social care services.The projects launched under the collaboration between Kyndryl and the University will contribute to a shared library of innovation-ready models for future use, and where appropriate will draw upon population health datasets and testbed environments such as Data-into-Action, CHI-Zone, Civic Data Cooperative, M-RIC, and SDE."The work of CHIL and the University's AI for Life Frontier is grounded in mobilising data, data science, and AI engineering to improve people's lives in the Liverpool City Region and beyond, by tackling big health problems such as the pressures health systems world-wide face as more people spend more of their lives in ill health, especially in disadvantaged communities," said Professor Iain Buchan, W.H. Duncan Professor of Public Health Systems, Associate Pro Vice Chancellor for Innovation, CHIL Director. "This collaboration with Kyndryl allows us to explore potential AI futures that could enable health systems to offer more preventive and personalized care, whilst targeting scarce resources to better help the most vulnerable in society. Together, we are building a pipeline of ideas and AI prototypes that can shape the future of healthcare in ways the public trust and influence.""It's no secret that our area has some of the widest health disparities in the country," said Steve Rotheram, Mayor of the Liverpool City Region. "In some of our communities, people can expect to live 15 years less than those in the most affluent areas. That's not right - and it's something we must change. Our area is fortunate to have access to world-class health expertise in our universities, and now that we have a global tech giant like Kyndryl on our team, we have the capability to turn their research into real-life impact: creating better health services for our 1.6 million residents and beyond. This is exactly the kind of partnership I want to see more of in our region - where AI is used for good to strengthen and support our communities. I'm really excited to see where this partnership goes.""At Kyndryl, we believe technology should serve people and solve real-world challenges," said Jonathan Ingram, President, Kyndryl UK&I. "Our collaboration with CHIL at the University of Liverpool reflects a shared commitment to shaping AI that improves access to care and strengthens public services. By combining academic insight with our Agentic AI Framework, we are laying the groundwork for solutions that can make a lasting positive impact on the future of healthcare services."Kyndryl's AI innovation lab in Liverpool, launched May 2025, will play a central role in the collaboration. Drawing on the deep technical expertise of Kyndryl Consult in multi-agent optimization and conversational AI, the lab is designed to develop solutions that address many industries, including healthcare, by addressing real-world health challenges, particularly those faced by digitally excluded or underserved populations.The collaboration aligns with the Liverpool City Region's Life Sciences Innovation Zone, part of the Government's national Investment Zone Programme, positioning the city region as a powerhouse for health and life sciences innovation.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.About the University of Liverpool
Founded in 1881 as the original 'red brick', the University of Liverpool is one of the UK's leading research-intensive higher education institutions with an annual turnover of £708.3 million, including an annual research income of £163.1 million.Now ranked in the top 150 universities worldwide (QS World Rankings 2026 and Times Higher Education World University Rankings 2026), we are a member of the prestigious Russell Group of the UK's leading research universities and have a global reach and influence that reflects our academic heritage as one of the country's largest civic institutions.The latest UK rankings of circa 130 institutions have placed the University of Liverpool at 18th (Times and Sunday Times Good University Guide 2025), 22nd (2026 Guardian University Guide), 25th (Daily Mail University Guide 2025) and 23rd (2026 Complete University Guide) nationally.Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning Kyndryl's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, Kyndryl assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of Kyndryl's most recent Annual Report on Form 10-K, and may be further updated from time to time in Kyndryl's subsequent filings with the Securities and Exchange Commission.Kyndryl Press Contact
press@kyndryl.com
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Original: Kyndryl and University of Liverpool to Spearhead Health Innovation with Agentic AI
US Market News
4月前
Kyndryl launches Cyber Defense Operations Center to unify enterprise IT operationsFebruary 19, 2026 12:01 AM
PR Newswire (US)
New command hub in India combines network and security operations to improve resilience, speed response and strengthen complianceNEW YORK, Feb. 19, 2026 /PRNewswire/ -- Kyndryl, a leading provider of mission-critical enterprise technology services, today launched its first Cyber Defense Operations Center, a next-generation command hub that unifies network operations and security operations into a single, integrated operating model. The new Center is located in Bengaluru, India, providing global customers with deep cybersecurity and network operations expertise to accelerate incident response, resilience, and overall IT performance.
Enterprises are increasingly confronted by rising IT complexity — including AI-driven cyber risks, costly downtime, and growing expectations for continuous service delivery, and they face mounting pressure to deliver always-on, highly secure digital services. According to the 2025 Kyndryl Readiness Report, only 31% of organizations are ready for external business risks, citing technology complexity as a top barrier to scaling AI. This shift is being accelerated by the rise of agentic AI operating autonomously across cloud, data centers, and edge environments, making it untenable for network and security operations to function in isolation."As AI adoption surges and hybrid IT environments become more distributed, enterprises face faster, more intelligent cyber risks — and a growing shortage of skilled talent to manage them," said Paul Savill, Global Cyber Security and Resiliency, Network and Edge Practice Leader, Kyndryl. "Kyndryl's Cyber Defense Operations Center introduces a unified, agile operating model that combines AI-enabled insights with deep networking and security expertise, helping customers strengthen resilience, accelerate incident response, and increase end-to-end visibility across the IT ecosystem."Kyndryl's Cyber Defense Operations Center breaks down traditional silos to deliver real-time visibility, unified monitoring, and collaborative analysis across the network and security landscape. Featuring end-to-end services — spanning advisory, design and implementation, and managed operations — the Center helps enterprises modernize and operate their IT environments with greater security, efficiency, and uptime.Kyndryl's approach offers a unique combination of capabilities, supported by the Company's global network of security and network specialists trained to operate complex, mission-critical environments at scale, including:AI-enabled assessment services – The Kyndryl Agentic AI Framework is embedded into the network security assessment services to evaluate customer environments, identify operational and security gaps, and prioritize remediation — creating a data-driven roadmap for modernization and managed operations.Role-based operational dashboards and collaboration – Persona-driven dashboards provide tailored, real-time insights for executives, security and network teams, incident commanders, and DevSecOps leaders — improving visibility and collaboration across roles.Automated end-to-end operations at scale – Integrated runbooks, security telemetry, playbooks, and rationalized toolsets reduce manual handoffs, and alert fatigue to accelerate detection and response while providing Zero Trust support.Kyndryl's Cyber Defense Operations Center builds upon the company's established global footprint of security operations centers and network operations centers located across North America, Europe, Asia-Pacific, and Latin America. The Center will be integrated into Kyndryl Bridge, the company's AI-powered open-integration platform, to provide a single operational view of network and security telemetry. Together, these centers provide 24x7 monitoring, threat detection, incident response, and network performance management for customers worldwide. Kyndryl plans to expand the Center beyond the India location to support growing global demand and accelerate adoption of Kyndryl's integrated operating model.The new Center is the latest addition to Kyndryl's robust portfolio of network and security services designed for the AI era — including advanced data center networking, secure access service edge (SASE), and quantum-safe networking services.Learn more about Kyndryl's security and resiliency services and network and edge services.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation, and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages, and modernizes the complex information systems that the world depends on every day.For more information, visit www.kyndryl.com.Kyndryl Press Contact
press@kyndryl.comForward-looking statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of?the date of this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the Company's?most recent?Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.
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Original: Kyndryl launches Cyber Defense Operations Center to unify enterprise IT operations
US Market News
4月前
Kyndryl Expands AI Skilling Programs for Government Employees, Students and Youth in IndiaFebruary 16, 2026 8:21 AM
PR Newswire (US)
Expands social impact (CSR) commitment in India to train 50,000 students and 30,000 youth with AI skillsBANGALORE, India, Feb. 16, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise services, today announced an expanded series of social impact programs aimed at advancing AI skills among students, civil servants and youth in India through inclusive training and capability-building initiatives.
The programs are part of Kyndryl's long-term commitment towards developing future-ready talent in India as outlined in the US$2.25 billion investment commitment announced in August 2025, and its broader focus on supporting national digital and skilling priorities. The expanded programs include:Strengthening Public Sector AI Readiness: Kyndryl will contribute to building a future-ready public sector workforce by integrating the company's AI for Governance programs with the Government's Karmayogi iGOT Platform, the central digital learning platform for government employees. The curated courses will focus on AI fundamentals, responsible use of AI, and cyber safety, and are designed to help officials identify practical AI opportunities while strengthening cyber resilience across public institutions.Introducing Foundational AI education in Government schools: Kyndryl will launch a foundational AI learning initiative for students in government schools. The pilot will begin in Varanasi and Ayodhya, with a focus on PM SHRI and Navodaya schools and aims to introduce age-appropriate AI education for 50,000 students while upskilling 1,000 teachers across 100 schools in two years.Empowering Youth as AI change-makers: Kyndryl will empower India's youth to serve as AI change-makers in their communities by training graduate students to drive AI literacy, map community challenges, and support the adoption of AI-enabled solutions across areas including rural governance, agriculture, and livelihood development. In three years, the initiative aims to enable 30,000 youth annually across India covering several states contributing to the development of sustainable, AI-ready rural ecosystems."Our mission is to support both India's digital growth and to help unlock progress at every level," said Lingraju Sawkar, President, Kyndryl India. "By strengthening the AI and cyber readiness of government officials, students and youth, we are helping build a confident, future-ready India that can lead with responsibility, resilience and innovation. Our programs are about empowering people everywhere to participate fully in the country's digital transformation."Kyndryl's ongoing commitment to talent development and digital skilling was one of the key highlights during a previous meeting between the Hon'ble Prime Minister of India, Shri Narendra Modi, and Kyndryl Chairman and CEO Martin Schroeter, where discussions focused on leveraging AI for government efficiency, empowering underserved communities, and accelerating skilling at scale. Through continued collaboration and targeted initiatives, Kyndryl is contributing to national priorities related to public sector capacity-building, education, and rural development.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Kyndryl press contact
press@kyndryl.comThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.
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Original: Kyndryl Expands AI Skilling Programs for Government Employees, Students and Youth in India
US Market News
4月前
Kyndryl Launches Intelligent Recovery Service to Enhance Cyber Resilience and ComplianceFebruary 12, 2026 1:45 PM
PR Newswire (US)
New service provides faster recovery, real-time visibility and proactive monitoring to enhance customer business continuity and regulatory complianceNEW YORK, Feb. 12, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today launched Kyndryl Intelligent Recovery Service (KIRS), a cloud-based solution that helps organizations overcome cyber incidents and operational disruptions by automating recovery processes and delivering comprehensive visibility across hybrid and multi-cloud environments. KIRS is integrated with Kyndryl Bridge, the company's AI-powered platform, and enables recovery at scale across customer IT estates, accelerating restoration of critical systems and supporting regulatory compliance requirements.
"Organizations face a dual cyber resilience challenge: recovering from disruptions faster than ever while navigating an increasingly complex regulatory landscape," said Paul Savill, Global Practice Leader, Cyber Security and Resiliency, Network and Edge, Kyndryl. "Kyndryl Intelligent Recovery Service helps organizations close that gap by automating recovery workflows and providing real-time visibility. Through this enhanced capability, we are enabling our customers to quickly restore critical operations, manage risk proactively and maintain compliance without disruption."Kyndryl's extensive expertise in cyber incident recovery and AI-powered technologies enables KIRS to strengthen operational resilience and support compliance across complex IT environments. The service reduces manual effort, accelerates system restoration and supports proactive continuity planning by helping organizations anticipate and prioritize operational needs and address resiliency gaps.KIRS provides real-time insight into customers' recovery objectives, system health and resiliency posture to support informed decisions and ongoing compliance. The service features unified dashboards that offer centralized visibility into recovery progress and compliance metrics to simplify governance and oversight. The service supports cloud platforms, containerized workloads and databases, enabling organizations to build flexible, customized recovery strategies.KIRS can address complex recovery challenges across several industries, including:Retail: Protects essential systems like point-of-sale, inventory management and loyalty platforms to enable smooth shopping experiences and mitigate revenue loss during outages.Healthcare: Enables healthcare organizations to handle thousands of workloads across hospitals and clinics, supporting continuous patient care while meeting strict recovery time objectives (RTOs) and regulatory requirements.Financial services: Helps protect sensitive data and transaction systems in highly regulated environments, enabling efficient recovery to mitigate operational risk and sustain customer trust.Manufacturing and energy: Supports recovery for operational technology (OT) and Internet of Things (IoT) platforms, helping to mitigate production disruptions and maintain safety standards across distributed environments.Learn more about Kyndryl's security and resiliency services.About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation, and managed services to thousands of customers across more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages, and modernizes complex information systems that the world relies on every day. For more information, visit www.kyndryl.com.Kyndryl Press Contact
press@kyndryl.comThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of?the date of this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the Company's?most recent?Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.
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Original: Kyndryl Launches Intelligent Recovery Service to Enhance Cyber Resilience and Compliance
US Market News
4月前
KYNDRYL REPORTS THIRD QUARTER FISCAL 2026 RESULTSFebruary 9, 2026 7:06 AM
PR Newswire (US)
Revenues for the quarter ended December 31, 2025 total $3.9 billion, pretax income is $91 million, and net income is $57 millionAdjusted EBITDA is $696 million, adjusted pretax income is $168 million, and adjusted net income is $122 millionKyndryl Consult delivers double-digit revenue growth in the quarter and over the last twelve monthsCompany updates fiscal year 2026 outlookCompany announces leadership changes NEW YORK, Feb. 9, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today released financial results for the quarter ended December 31, 2025, the third quarter of its 2026 fiscal year.
"In the third quarter, we drove growth in Kyndryl Consult and through our alliances with hyperscalers and other leading technology providers. Our signings continue to reflect the vital role we play in the operation of customers' technology estates, our deep expertise in mission-critical services and our innovation in AI, cloud and security," said Kyndryl Chairman and Chief Executive Officer Martin Schroeter."We are operating with a clear strategic mindset. We remain focused on delivering our multi-year objectives, driving profitable growth and most importantly providing innovative and world-class services for our customers."Results for the Fiscal Third Quarter Ended December 31, 2025For the third quarter, Kyndryl reported revenues of $3.9 billion, up 3% year-over-year on a reported basis and unchanged in constant currency. Kyndryl reported pretax income of $91 million, compared to pretax income of $258 million in the prior-year period, in which the Company recorded a significant transaction-related benefit. Net income was $57 million, or $0.25 per diluted share, in the quarter, compared to net income of $215 million, or $0.89 per diluted share, in the prior-year period. Cash flow from operations was $427 million compared to $260 million in the prior-year period.Adjusted pretax income was $168 million, an $8 million increase compared to adjusted pretax income of $160 million in the prior-year period, reflecting contributions from Kyndryl's three-A initiatives – Alliances, Advanced Delivery and Accounts. Adjusted net income was $122 million, or $0.52 per diluted share, compared to adjusted net income of $124 million, or $0.51 per diluted share, in the prior-year period. Adjusted EBITDA was $696 million, and free cash flow was $217 million. See "Non-GAAP Metric Definitions and Reconciliations."Signings for the trailing twelve months ended December 31, 2025 were $15.4 billion. In the third quarter, Kyndryl signed eleven customer contracts exceeding $50 million each.Recent DevelopmentsLeadership changes – Kyndryl today announced that Harsh Chugh has been named Interim Chief Financial Officer, Mark Ringes has been named Interim General Counsel and Bhavna Doegar has been named Interim Corporate Controller effective immediately.Hyperscaler-related revenue – In the third quarter, as part of Kyndryl's Alliances initiative, the Company generated $500 million in revenue tied to cloud hyperscaler alliances, a 58% year-over-year increase, and is on track to exceed its initial hyperscaler revenue target of $1.8 billion for fiscal 2026.Double-digit growth in Kyndryl Consult – In the third quarter, Kyndryl Consult revenues grew 24% year-over-year. Over the last twelve months, Kyndryl Consult revenues were $3.6 billion, and Kyndryl Consult signings were $4.1 billion.Strong projected margin on recent signings – In the quarter, the projected pretax margin associated with signings was in the high-single-digit range, in line with recent quarters, demonstrating the Company's ability to build expected profit into its services contracts.Incremental contribution from three-A's initiatives – The Company's Advanced Delivery initiative, focused on AI-enabled automation through our Kyndryl Bridge operating platform, and its Accounts initiative to address relationships with substandard margins continued to drive earnings growth and margin expansion in the quarter.Artificial intelligence – Kyndryl continues to expand its AI-related capabilities. The Company has recently announced new agentic AI services to support workforce readiness, Agentic AI Digital Trust to securely manage agentic AI deployments across hybrid and multi-cloud environments, and agentic AI services for the mainframe to accelerate modernization. Through Kyndryl Consult, the Company's global AI hubs and the Kyndryl Agentic AI Framework, a quarter of Kyndryl's signings now include AI-related content.Solvinity acquisition – The Company announced an agreement to acquire Solvinity Group, B.V., a provider of secure managed cloud platforms and services in the Netherlands. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the first half of calendar-year 2026.Regulatory designation – Kyndryl has been designated as one of 19 "critical third-party providers" under the European Union's Digital Operational Resilience Act due to the mission-critical nature of the work the Company does for large financial institutions.Share repurchases – The Company repurchased 3.7 million shares of its common stock at a cost of $100 million in the third quarter. Since the authorization of its share repurchase program in November 2024, the Company has bought back 11 million shares for $349 million, or 5% of its shares outstanding.Fiscal Year 2026 OutlookKyndryl is providing the following outlook for its fiscal year 2026:Adjusted pretax income of $575 to $600 millionAdjusted EBITDA margin of approximately 17.5%Free cash flow of $325 to $375 millionConstant-currency revenue decline of 2% to 3%See "Non-GAAP Metric Definitions and Reconciliations."Earnings Webcast Kyndryl's earnings call for the third fiscal quarter is scheduled to begin at 8:30 a.m. ET on February 9, 2026. The live webcast can be accessed by visiting investors.kyndryl.com on Kyndryl's investor relations website. A slide presentation will be made available on Kyndryl's investor relations website before the call on February 9, 2026. Following the event, a replay will be available via webcast for twelve months at investors.kyndryl.com.Form 10-QAs Kyndryl disclosed today, the filing of Kyndryl's Quarterly Report on Form 10-Q will be delayed pending the review described in Kyndryl's Form 12b-25 filed with the Securities and Exchange Commission (the SEC Filing). Kyndryl does not expect a restatement or other impact to its financial statements. See "Non-GAAP Metric Definitions and Reconciliations."About KyndrylKyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.Forward-Looking and Cautionary StatementsThis press release and the related conference call contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release or related conference call, including statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, including without limitation the outlook and financial objectives in this press release or related conference call (which does not assume any future acquisitions or divestitures), as well as all statements relating to the ongoing review described in the SEC Filing, are forward-looking statements. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. Forward-looking statements are based on the Company's current assumptions and beliefs regarding future business and financial performance and the matters discussed in this press release.The Company's actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others: the timing, scope and completion of the ongoing review described in the SEC Filing and any results thereof; the timing of the filing of the Quarterly Report on Form 10-Q; failure to attract new customers, retain existing customers or sell additional services to customers; failure to meet growth and productivity objectives and maintain our capital allocation strategy; competition; impacts of relationships with critical suppliers and partners; failure to address and adapt to technological developments and trends; inability to attract and retain key personnel and other skilled employees; impact of economic, geopolitical, public health and other conditions; damage to the Company's reputation; inability to accurately estimate the cost of services and the timeline for completion of contracts; service delivery issues; the Company's ability to successfully manage acquisitions and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities and higher debt levels; the Company's ability to refinance maturing debt on favorable terms in a timely manner, or at all; failure of the Company's intellectual property rights to prevent competitive offerings and the failure of the Company to obtain, retain and extend necessary licenses; the impairment of our goodwill or long-lived assets; risks relating to cybersecurity, data governance and privacy; risks relating to non-compliance with legal and regulatory requirements and changes in laws, regulations and policies in the U.S. and countries where the Company and its customers do business, including with respect to tariffs, taxes and other controls on imports or exports; adverse effects from tax matters; legal proceedings and investigatory risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; the Company's pension plans; the impact of currency fluctuations; and risks related to the Company's common stock and the securities market.Additional risks and uncertainties include, among others, those risks and uncertainties described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission. Any forward-looking statement in this press release or related conference call speaks only as of the date on which it is made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In this press release, certain amounts may not add due to the use of rounded numbers; percentages presented are calculated based on the underlying amounts. Forecasted amounts are based on currency exchange rates as of January 2026.Non-GAAP Financial MeasuresIn an effort to provide investors with additional information regarding its results, the Company has provided certain metrics that are not calculated based on generally accepted accounting principles (GAAP), such as constant-currency results, adjusted EBITDA, adjusted pretax income, adjusted net income, adjusted EPS, adjusted EBITDA margin, adjusted pretax margin, adjusted net margin, net debt, free cash flow and adjusted free cash flow. Such non-GAAP metrics are intended to supplement GAAP metrics, but not to replace them. The Company's non-GAAP metrics may not be comparable to similarly titled metrics used by other companies. Definitions and additional information about our calculation of non-GAAP metrics and reconciliations of non-GAAP metrics for historical periods to GAAP metrics are included in the tables in this release.A reconciliation of forward-looking non-GAAP financial information is not included in this release because the Company is unable to predict with reasonable certainty some individual components of such reconciliation without unreasonable effort. These items are uncertain, depend on various factors and could have a material impact on future results computed in accordance with GAAP. Investor Contact:
investors@kyndryl.comMedia Contact:
press@kyndryl.com Table 1CONSOLIDATED INCOME STATEMENT(in millions, except per share amounts)
Three Months Ended
Nine Months Ended
December 31,
December 31,
2025
2024
2025
2024Revenues
$3,859
$3,744
$11,323
$11,257
Cost of services
$3,016
$2,981
$8,883
$8,939Selling, general and administrative expenses
672
647
1,976
1,951Workforce rebalancing charges
16
17
61
92Transaction-related costs (benefits)
38
(148)
38
(128)Interest expense
21
24
60
77Other expense (income)
6
(35)
24
9Total costs and expenses
$3,768
$3,486
$11,042
$10,940
Income before income taxes
$91
$258
$281
$317Provision for income taxes
34
43
100
134Net income
$57
$215
$181
$183
Earnings per share data
Basic earnings per share
$0.25
$0.93
$0.79
$0.79Diluted earnings per share
0.25
0.89
0.77
0.77
Weighted-average basic shares outstanding
227.7
232.2
229.5
231.5Weighted-average diluted shares outstanding
232.5
240.7
235.8
238.3 Table 2SEGMENT RESULTSAND SELECTED BALANCE SHEET INFORMATION(dollars in millions)
Three Months Ended December 31,
Year-over-Year Growth
As
ConstantSegment Results
2025
2024
Reported
CurrencyRevenue
United States
$958
$961
0 %
0 %Japan
568
579
(2 %)
(1 %)Principal Markets
1,428
1,300
10 %
4 %Strategic Markets
905
904
0 %
(7 %)Total revenue
$3,859
$3,744
3 %
0 %Adjusted EBITDA
United States
$205
$204
Japan
126
111
Principal Markets
221
226
Strategic Markets
169
187
Corporate and other
(26)
(24)
Total adjusted EBITDA
$696
$704
Nine Months Ended December 31,
Year-over-Year Growth
As
ConstantSegment Results
2025
2024
Reported
CurrencyRevenue
United States
$2,768
$2,907
(5 %)
(5 %)Japan
1,728
1,753
(1 %)
(4 %)Principal Markets
4,119
3,933
5 %
0 %Strategic Markets
2,709
2,664
2 %
(2 %)Total revenue
$11,323
$11,257
1 %
(2 %)Adjusted EBITDA
United States
$596
$496
Japan
364
288
Principal Markets
629
655
Strategic Markets
474
445
Corporate and other
(79)
(66)
Total adjusted EBITDA
$1,984
$1,818
December 31,
March 31,
Balance Sheet Data
2025
2025
Cash and equivalents
$1,348
$1,786
Debt (short-term and long-term)
3,100
3,172
Table 3CONSOLIDATED STATEMENT OF CASH FLOWS(dollars in millions)
Nine Months Ended December 31,
2025
2024Cash flows from operating activities:
Net income
$181
$183Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
Depreciation of property, equipment and capitalized software
577
471Depreciation of right-of-use assets
222
220Amortization of transition costs and prepaid software
927
974Amortization of capitalized contract costs
340
314Amortization of acquisition-related intangible assets
20
23Stock-based compensation
73
78Deferred taxes
(47)
22Net (gain) loss on asset sales and other
38
(108)Change in operating assets and liabilities:
Right-of-use assets and liabilities (excluding depreciation)
(257)
(212)Workforce rebalancing liabilities
(5)
(22)Receivables
(63)
177Accounts payable
(188)
(265)Taxes
71
(39)Deferred costs (excluding amortization)1
(2,059)
(1,273)Other assets and other liabilities1
620
(183)Net cash provided by operating activities
$450
$361
Cash flows from investing activities:
Capital expenditures
$(492)
$(365)Proceeds from disposition of property and equipment
60
70Acquisitions and divestitures, net of cash acquired
1
137Other investing activities, net
(5)
(42)Net cash used in investing activities
$(436)
$(199)
Cash flows from financing activities:
Debt repayments
$(105)
$(108)Common stock repurchases
(250)
(30)Common stock repurchases for tax withholdings
(93)
(32)Other financing activities, net
1
(2)Net cash used in financing activities
$(448)
$(172)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$(2)
$(39)Net change in cash, cash equivalents and restricted cash
$(437)
$(49)
Cash, cash equivalents and restricted cash at beginning of period
$1,789
$1,554Cash, cash equivalents and restricted cash at end of period
$1,352
$1,505
Supplemental data
Income taxes paid, net of refunds received
$128
$123Interest paid on debt
$97
$100
1Includes $930 million non-cash offsetting increases in deferred costs and other liabilities related to an extended and amended multi-
year software license in the nine months ended December 31, 2025.
Net cash provided by operating activities was $427 million in the three months ended December 31, 2025 and $22 million in the six
months ended September 30, 2025.Table 4
NON-GAAP METRIC DEFINITIONS AND RECONCILIATIONS
(dollars in millions, except signings)We report our financial results in accordance with GAAP. We also present certain non-GAAP financial measures to provide useful supplemental information to investors. We provide these non-GAAP financial measures as we believe it enhances investors' visibility to management decisions and their impacts on operational performance; enables better comparison to peer companies; and allows us to provide a long-term strategic view of the business going forward. Moreover, we use certain of these non-GAAP financial metrics in measuring performance under our executive compensation plans.Constant-currency information compares results between periods as if exchange rates had remained constant period over period. We define constant-currency revenues as total revenues excluding the impact of foreign exchange rate movements and use it to determine the constant-currency revenue growth on a year-over-year basis. Constant-currency revenues are calculated by translating current period revenues using corresponding prior-period exchange rates.Adjusted pretax income is defined as pretax income excluding transaction-related costs and benefits, charges related to ceasing to use leased / fixed assets, charges related to lease terminations, pension costs other than pension servicing costs and multi-employer plan costs, stock-based compensation expense, amortization of acquisition-related intangible assets, workforce rebalancing charges incurred prior to March 31, 2024, impairment expense, significant litigation costs and benefits, and currency impacts of highly inflationary countries. Adjusted pretax margin is calculated by dividing adjusted pretax income by revenue.Adjusted EBITDA is defined as net income excluding net interest expense, income taxes, depreciation and amortization (excluding depreciation of right-of-use assets and amortization of capitalized contract costs), charges related to ceasing to use leased / fixed assets, charges related to lease terminations, transaction-related costs and benefits, pension costs other than pension servicing costs and multi-employer plan costs, stock-based compensation expense, workforce rebalancing charges incurred prior to March 31, 2024, impairment expense, significant litigation costs and benefits, and currency impacts of highly inflationary countries. Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenue.Adjusted net income is defined as adjusted pretax income less the reported provision for income taxes, minus or plus the tax effect of the non-GAAP adjustments made to calculate adjusted pretax income, and excluding exceptional items impacting the reported provision for income taxes. Adjusted net margin is calculated by dividing adjusted net income by revenue.Adjusted earnings per share (EPS) is defined as adjusted net income divided by diluted weighted average shares outstanding to reflect shares that are dilutive or anti-dilutive based on the amount of adjusted net income. The weighted average common shares outstanding used to calculate adjusted earnings per share will differ from such shares used to calculate diluted earnings per share (GAAP) when the inclusion of dilutive shares has an anti-dilutive effect for one calculation but not for the other.Free cash flow is defined as cash flows from operating activities (GAAP), less net capital expenditures. Adjusted free cash flow is defined as cash flows from operating activities (GAAP) after adding back transaction-related payments, charges related to lease terminations, payments related to workforce rebalancing charges incurred prior to March 31, 2024, and significant litigation payments, less net capital expenditures. Management uses free cash flow and adjusted free cash flow as measures to evaluate our operating results, plan strategic investments and assess our ability and need to incur and service debt. We believe these metrics are useful supplemental financial measures to aid investors in assessing our ability to pursue business opportunities and investments and to service our debt. Free cash flow and adjusted free cash flow are financial measures that are not recognized under U.S. GAAP and should not be considered as an alternative to cash flows from operations or liquidity derived in accordance with U.S. GAAP. As part of the Company's ongoing cash and commercial management strategy with customers and suppliers and as previously disclosed, the Company's standard practice since the time of the Company's spin-off from International Business Machines Corporation is to actively manage the Company's working capital, including accounts receivables and accounts payables. This includes optimizing payment terms and conditions, accelerating certain cash receipts and delaying certain cash payments (including deferring vendor payments quarter to quarter), and undertaking other discretionary cash and working capital management initiatives. The magnitude of these practices (including deferrals) has varied from quarter to quarter and impacted the Company's cash flows (and related non-GAAP financial measure of adjusted free cash flow), including positively in certain periods. The effects of these practices have been and are reflected in the Company's accounts payable, accounts receivable and cash flow balance, which are accounted for in accordance with GAAP. The Company's working capital and cash flows have also reflected the impact of accrued contract costs in certain periods due to the timing of vendor billings. The Company may, from time to time, revise or adapt the Company's cash and working capital management practices as it deems appropriate. Free cash flow and adjusted free cash flow for the three and nine months ended December 31, 2025 and 2024, as well as the free cash flow guidance and adjusted free cash flow targets included in this press release or the Company's other earnings materials, reflect the historical and expected application of these practices.Signings are defined by Kyndryl as an initial estimate of the value of a customer's commitment under a contract. The calculation involves estimates and judgments to gauge the extent of a customer's commitment. We calculate this based on various considerations including the type and duration of the agreement as well as the presence of termination charges or wind-down costs. Contract extensions and increases in scope are treated as signings only to the extent of the incremental new value. Signings can vary over time due to a variety of factors including, but not limited to, the timing of signing a small number of larger outsourcing contracts, as well as the length of those contracts. The conversion of signings into revenue may vary based on the types of services and solutions, customer decisions and other factors, which may include, but are not limited to, macroeconomic environment or external events. Management uses signings to monitor the performance of the business, as a measure of customer engagement and our ability to drive growth.
Reconciliation of net income
to adjusted pretax income,
adjusted EBITDA, adjusted net
Three Months Ended
Nine Months Ended income and adjusted EPS
December 31,
December 31,(in millions, except per share amounts)
2025
2024
2025
2024Net income (GAAP)
$57
$215
$181
$183Provision for income taxes
34
43
100
134Pretax income (GAAP)
$91
$258
$281
$317Charges related to ceasing to use leased/fixed assets and lease terminations
—
9
—
29Transaction-related costs (benefits)1
38
(148)
38
(128)Stock-based compensation expense
23
29
73
78Amortization of acquisition-related intangible assets
7
7
20
23Other adjustments2
10
5
6
(22)Adjusted pretax income (non-GAAP)
$168
$160
$419
$297Interest expense
21
24
60
77Depreciation of property, equipment and capitalized software
193
194
577
470Amortization of transition costs and prepaid software
314
327
928
974Adjusted EBITDA (non-GAAP)
$696
$704
$1,984
$1,818Net income margin
1.5 %
5.7 %
1.6 %
1.6 %Adjusted EBITDA margin
18.0 %
18.8 %
17.5 %
16.1 %
Adjusted pretax income (non-GAAP)
$168
$160
$419
$297Provision for income taxes (GAAP)
(34)
(43)
(100)
(134)Tax effect of non-GAAP adjustments
(12)
7
(18)
(4)Adjusted net income (non-GAAP)
$122
$124
$301
$159Diluted weighted average shares outstanding for calculating adjusted EPS
232.5
240.7
235.8
238.3
Diluted earnings per share (GAAP)
$0.25
$0.89
$0.77
$0.77Adjusted earnings per share (non-GAAP)
$0.52
$0.51
$1.28
$0.67
1Kyndryl's reported results for the three months ended December 31, 2024 include a transaction-related gain of $145 million pretax
($138 million after-tax) related to the Company's divestiture of its Securities Industry Services platform in Canada. Kyndryl's reported
results for the three months ended December 31, 2025 include a transaction-related loss of $38 million pretax ($28 million after-tax)
related to an interim arbitration decision on a pre-spin (2006) matter.2Other adjustments represent pension costs other than pension servicing costs and multi-employer plan costs, significant litigation costs
and benefits, and currency impacts of highly inflationary countries.
Reconciliation of cash flows from operations
Three Months Ended
Nine Months Endedto free cash flow and
December 31,
December 31,adjusted free cash flow (in millions)
2025
2024
2025
2024Cash flows from operating activities (GAAP)
$427
$260
$450
$361Less: Net capital expenditures
(210)
(93)
(432)
(295)Free cash flow (non-GAAP)
$217
$167
$18
$66Plus: Transaction-related payments (benefits)
—
—
—
5Plus: Workforce rebalancing payments related to charges incurred prior to March 31, 2024
—
—
—
25Plus: Significant litigation payments
—
5
—
14Adjusted free cash flow (non-GAAP)
$217
$171
$18
$111
1See "Non-GAAP Metric Definitions and Reconciliations" for more information about our calculation of free cash flow and adjusted free
cash flow.
Three Months Ended
Nine Months Ended
Twelve Months Ended
December 31,
December 31,
December 31,Signings (in billions)
2025
2024
2025
2024
2025
2024Signings1
$3.9
$4.1
$9.9
$12.7
$15.4
$16.3
1Currency movements added five points, three points and one point of signings growth in the three, nine and twelve months ended
December 31, 2025, respectively.
View original content to download multimedia:https://www.prnewswire.com/news-releases/kyndryl-reports-third-quarter-fiscal-2026-results-302682522.htmlSOURCE Kyndryl
Original: KYNDRYL REPORTS THIRD QUARTER FISCAL 2026 RESULTS
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