Latest news with #Kyndryl
Yahoo
2 hours ago
- Business
- Yahoo
Kyndryl Expands Strategic Alliance with HPE to Accelerate Customer Adoption of AI Private Cloud Solutions
NEW YORK, Aug. 6, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced an expansion of its global strategic alliance with HPE to deliver services that enable and support customer adoption of HPE Private Cloud AI, a turnkey enterprise AI factory solution co-developed with NVIDIA. As part of the expanded collaboration, Kyndryl Consult will provide its AI private cloud services and accelerators to enable a seamless experience for customers by developing, implementing and scaling AI solutions that leverage HPE Private Cloud AI, part of the NVIDIA AI Computing by HPE solutions portfolio. Kyndryl will utilize HPE's observability, automation and unified control plane solutions to accelerate the deployment and management of customer AI workloads. From design to full operational deployment, Kyndryl accelerators will help ensure smooth integration and optimal utilization of HPE Private Cloud AI across private and on-prem environments. "Our expanded alliance with HPE illustrates our shared commitment to driving innovation and accelerating customer implementation of private AI solutions," said Nicolas Sekkaki, Global Cloud Practice Leader, Kyndryl. "By bringing together HPE Private Cloud AI with NVIDIA AI Computing by HPE and Kyndryl AI consulting expertise, we can empower customers to unlock the full potential of their AI strategies in a scalable, security-rich manner." "The launch of HPE Private Cloud AI with Kyndryl's AI services represents a pivotal step in enterprises adopting and developing AI solutions that can improve productivity and generate fast and sustainable ROI for their organizations," said Gilles Thiebaut, Senior Vice President for Global Hybrid Cloud Sales, HPE. "Together, we aim to redefine how businesses leverage generative AI capabilities to drive transformation and achieve meaningful outcomes across industries." To support customer adoption and implementation of HPE Private Cloud AI, the signature offering in the NVIDIA AI Computing by HPE portfolio, Kyndryl offers cloud deployment options tailored to specific business use cases. Kyndryl Consult advises customers on deployment strategies that align with their business objectives, enabling smooth implementation and impactful AI business outcomes. Kyndryl and HPE will support a variety of customer AI private cloud use cases across industries including: Healthcare: Using HPE Private Cloud AI, Kyndryl's AI services for AI workloads will support secure handling of sensitive patient data and leveraging AI capabilities to improve diagnostics, personalized treatments and operational efficiency by enabling application developers to quickly deploy generative AI technology into business applications. Financial Services: Kyndryl's AI services, combined with HPE Private Cloud AI, enable customers to deploy AI workloads that meet their data security requirements, while supporting risk management and enhanced end-user experience. Kyndryl AI and data services enable organizations to gain insights, detect money laundering fraud, mitigate financial risk and automate processes within security and compliance-rich environments. This expanded collaboration builds on Kyndryl's successful AI private cloud initiatives worldwide, such as the AI private cloud established for customers in France to accelerate the development and deployment of enterprise AI solutions within a secure environment. Visit the Kyndryl and HPE alliance page for more information on the strategic partnership. 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 Forward-looking statementsThis 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," "contemplate," "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 obligations 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. Kyndryl press contact press@ View original content to download multimedia: SOURCE Kyndryl Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
Kyndryl and Nova Intelligence Announce Strategic Collaboration to Accelerate SAP Transformation for Customers
Kyndryl will align its SAP Services with Nova Intelligence AI agents to speed customer migration to SAP Cloud ERP and deliver cost savings NEW YORK, Aug. 5, 2025 /PRNewswire/ -- Kyndryl (NYSE:KD), a leading provider of mission-critical enterprise technology services, today announced a strategic collaboration with Nova Intelligence, a pioneer of multi-agent AI solutions for SAP Clean Core modernization, to accelerate AI-driven SAP digital transformation projects for customers. Under the partnership, Kyndryl will couple its SAP modernization and data transformation services with Nova Intelligence's agentic AI solutions to support enterprise customers with their SAP Cloud ERP (previously SAP S/4HANA) transformations—including migrating to SAP Cloud ERP and modernizing existing SAP Cloud ERP systems to align with SAP Clean Core principles—more quickly and cost-effectively. Kyndryl and Nova Intelligence's collaboration will further support customers on their SAP Clean Core journey by transforming legacy custom code into modernized and compliant applications. Kyndryl will also leverage Nova Intelligence's agentic AI capabilities to document and analyze custom code and to discover, build and test modernized, Clean Core compliant, end-to-end solutions. "Kyndryl's collaboration with Nova Intelligence deepens and expands our SAP modernization services to continue meeting customers at every stage of their digital transformation journey," said Michael Bradshaw, Kyndryl's Global Applications, Data and AI Practice Leader. "By leveraging the Nova Intelligence AI agents, Kyndryl is expanding its ability to quickly and efficiently guide customers in migrating to SAP Cloud ERP, while also positioning them to harness future iterations of SAP to support their business goals." "Kyndryl's comprehensive SAP expertise, end-to-end services and first-hand experience in applying Nova Intelligence to its own SAP applications positions them as an ideal technology services partner to bring our technology to customers," said Emma Qian, Nova Intelligence's Chief Executive Officer. "Through our partnership, we'll support more customers in accelerating their Clean Core journey in a cost-effective manner." The Nova Intelligence AI agents can significantly accelerate the documentation, simplification, generation and unit testing of custom code. Combined with Kyndryl's SAP modernization services, the technology supports customers in achieving Clean Core compliance, reducing risk and preparing for current and future SAP capabilities while continuing to maintain business continuity. In support of its own digital transformation, Kyndryl leveraged Nova Intelligence AI agents to modernize two of its mission-critical legacy SAP custom applications, which significantly reduced manual development work and transformation costs. Since being announced as a RISE with SAP delivery partner in July 2024, Kyndryl has applied its comprehensive SAP services to provide customers with end-to-end support on their SAP Cloud ERP transformation journeys. Kyndryl's collaboration with Nova Intelligence, along with its Data Transformation Suite, enables the Company to provide deeper guidance and support to customers on their SAP journeys. Learn more information on Kyndryl's SAP transformation services. 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 About Nova IntelligenceNova Intelligence is the world's first provider of a multi-agent platform for SAP transformations. The company is founded and led by an AI researcher from Google DeepMind, a successful Silicon Valley entrepreneur, and the co-inventor of SAP HANA. Collectively, the team has previously led >150 S/4HANA transformations and >500 HANA projects, and has authored 10+ SAP books and >200 technical publications. Nova Intelligence is backed by SAP's investment arm, and top Silicon Valley investment firms Accel and Conviction. For more information, visit SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. Forward-looking statementsThis 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," "contemplate," "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 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 obligations 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 contactpress@ View original content to download multimedia: SOURCE Kyndryl Sign in to access your portfolio
Yahoo
05-08-2025
- Business
- Yahoo
1 Agentic AI Stock Getting Crushed for Its Worst Day Ever After Earnings
Agentic artificial intelligence (AI) company Kyndryl (KD) is on pace for its worst daily share price loss on record after its first-quarter fiscal 2026 earnings release. KD stock is down 19.9% this afternoon, easily surpassing its previous record one-day drop of -15.35%, set in May 2022. The tech stock's 20-day and 50-day moving averages recently completed a bearish cross, and today's bearish gap has pushed KD below its 200-day moving average, as well. The stock's 14-day Relative Strength Index (RSI) has dropped all the way to 17.39, deep into oversold territory. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for August 27 Tesla Gains on Elon Musk's New Pay Package. Is TSLA Stock a Buy? Options Traders Expected Palantir Stock's Tamest Earnings Reaction in a Year. Did They Get It Right? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Why is Kyndryl Stock Down Today? The company reported disappointing revenue of $3.74 billion, missing Wall Street's consensus estimate of $3.83 billion, while posting a concerning 2.6% decline on a constant currency basis year-over-year (the consensus called for a modest increase). Despite the revenue challenges, Kyndryl demonstrated notable improvements in profitability metrics, with adjusted EBITDA rising to $647 million and achieving a 17.3% margin, up from $556 million and 14.9% margin in the previous year. The company's strategic initiatives showed promising results, particularly in high-growth segments, with Kyndryl Consult revenue growing 32% to $3.2 billion and hyperscaler-related revenue surging 119% to $1.4 billion. What's Next for Kyndryl? Management maintained its fiscal 2026 guidance, projecting adjusted pretax income of at least $725 million and an adjusted EBITDA margin of approximately 18%. The company's ambitious "triple, double, single" strategy aims to increase adjusted free cash flow to over $1 billion by FY28, with signings following the IBM (IBM) spinoff expected to represent 67% of revenue in FY26 and grow to more than 90% by FY28. However, Kyndryl faces significant industry headwinds in the IT services sector. The company's balance sheet shows $1.5 billion in cash and $3.1 billion in debt, while free cash flow was negative at $222 million for the quarter. Nevertheless, analysts rate the stock a 'Strong Buy' overall, with Oppenheimer calling today's plunge a buying opportunity. Likewise, JPMorgan and Scotiabank have backed their top ratings on KD today. Is KD a Good Buy on the Historic Stock Plunge? Clearly, investors are keying in on top-line weakness over margin improvements. And with mega-cap players still pouring cash into AI growth initiatives, the company's limited investment in new technology capabilities - with only 1-4% of revenue allocated to capex over the last decade - raises concerns about long-term competitiveness. This conservative approach to investment, combined with intense competition, suggests continued pressure on Kyndryl's growth prospects despite its ongoing transformation efforts. While the stock is still up more than 10% from its April lows - which is the last time we saw KD stock this deeply oversold below its 200-day moving average - the relatively high beta suggests that Kyndryl is best reserved for investors with a healthy appetite for risk. This article was created with the support of automated content tools from our partners at Together, our financial data and AI solutions help us to deliver more informed market headline analysis to readers faster than ever. On the date of publication, Elizabeth H. Volk did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
WIRED
05-08-2025
- Business
- WIRED
Rethink AI: How to unlock meaningful value in a new age of business
Leading with AI means more than chasing efficiencies — it means reimagining how your business works and wins. In Rethink AI, a digital event, WIRED and Kyndryl brought together world-class visionaries and business leaders to explore how AI is rewriting the rules of business. Across five insight-packed episodes, discover real-world applications, practical takeaways, and the mindset shift leaders need to lead with confidence and stay ahead in this new age of business. Azeem Azhar, Founder of Exponential View, unpacks how AI is rewiring business - redefining value, accelerating disruption, and transforming models. Gain the latest insights into what's changing, what it means, and why the time to act is now. Leading experts from Kyndryl, Patrick Gormley and Ismail Amla, dive into the transformative impact of AI on business to provide invaluable insights and practical advice on how leaders can make sense of the hype and turn AI theory into action. Matt Webb, Founder of Acts Not Facts, explores how Agentic AI is reshaping business—from operations to customer relationships. Drawing on real-world experience and emerging signals, he reveals what's coming next—and how leaders can get ahead now. Many organizations pilot GenAI, but few scale it. Thought leaders Anders Bjørnrud from Care Safety Innovations, Kate Rosenshine from Microsoft and and Wiem Sabbagh from Kyndryl unpack how ambition turned into impact—and what it takes to overcome barriers and deliver real AI value. AI can't just be powerful—it must be ethical. Dr. Rumman Chowdhury, CEO of Humane Intelligence, shares how responsible, human-centric AI builds trust, drives impact, and creates real business value—proving ethics isn't a trade-off, but a business edge. Inspired by the insights shared here? You can also read WIRED and Kyndryl's latest report 'Moving Beyond the Hype: Why Enterprises Need to Think Differently About AI Adoption'. For more original thought about the next frontier of technology, and how to harness the power of AI for advantage in your organization, click here. Kyndryl runs and reimagines the mission-critical technology systems that drive advantage for the world's leading businesses. We are at the heart of progress; with proven expertise and a continuous flow of AI-powered insight, we enable smarter decisions, faster innovation, and a lasting competitive edge.
Yahoo
05-08-2025
- Business
- Yahoo
Vertex Pharmaceuticals, Kyndryl, Caterpillar: Trending Tickers
Vertex Pharmaceuticals (VRTX) stock is sliding after the company said it won't advance its pain treatment into the next phase of testing. Kyndryl's (KD) consulting revenue jumped 30%. Caterpillar (CAT) missed profit estimates and warned about the impact of tariffs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief. Now, time for some of today's trending tickers. We are watching Vertex, Kendrel, and Caterpillar. First up, Vertex Pharmaceuticals announced it will not advance the new pain treatment into the next phase of testing. That's sending the shares lower and overshadowing stronger than expected second quarter results. The company swung to a profit of just over a billion dollars during the three-month period, having reported a nearly $3.6 billion loss the year prior. Vertex has been diversifying into non-opioid painkillers to reduce its dependence on cystic fibrosis medication. That's a field that it currently dominates. Next, Kendrel, the company which provides IT infrastructure services, saw consulting revenue rise 30% from a year ago. Kendrel CEO saying that businesses are still spending on tech to boost productivity and to take advantage of opportunities like AI. Revenue tied to its work with cloud hyperscalers saw an 86% year-over-year increase. Kendrel's partners include Microsoft and Alphabet's Google. And finally, sluggish construction equipment demand and tariffs weighing on Caterpillar as it reports profits below Wall Street's estimates. The company saying it expects to take a $1.5 billion hit from tariff-related costs in the full year with costs in the current quarter coming to as much as half a billion dollars. Revenue also falling by a percent in the quarter due to weakening pricing power. Meanwhile, sales were higher in Caterpillar's energy division and it raised its revenue outlook expecting slightly higher sales for 2025 than 2024. And you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance's trending tickers page. Related Videos CommScope–Amphenol, Joby Aviation, Wayfair: Trending Tickers US Futures point higher, BP and Palantir earnings beat: 3 Things Modi Defiant as Trump Steps Up Pressure on Russian Oil Purchases This thing could become bigger than equities, analyst says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
