Kyndryl: Strong Consultancy Business To Help Drive Gen AI Adoption (Rating Upgrade) [Seeking Alpha]
Kyndryl Holdings, Inc. (KD)
Company Research
Source: Seeking Alpha
Summary Kyndryl Consult faces strong competition from established IT consulting firms like Accenture, IBM Global Services, and Cognizant to name a few without forgetting the disruptive nature of Gen AI. Kyndryl Consult is growing at double digits and is also creating leads for the managed services business while it is cutting costs. Hence, this balanced approach to growth and profits makes sense. As a rate-sensitive stock, there are also interest rate-related risks. EmirMemedovski/E+ via Getty Images I last covered Kyndryl Holdings, Inc. ( NYSE: KD ) back in February 2022 highlighting its alliance with Nokia Oyj ( NOK ) for private 5G and edge computing. Despite my Hold position, it rose by nearly 58% as shown in the chart below, and this is despite its revenues declining every quarter since then. Data by YCharts This is partly due to a higher probability of the U.S. Central Bank turning dovish next month and also because its financial results beat analysts' estimates
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KD
News
- Kyndryl Holdings, Inc. (KD) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
- Kyndryl Holdings, Inc. (KD) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- How IT services provider Kyndryl is making cybersecurity training more fun [Yahoo! Finance]Yahoo! Finance
- How IT services provider Kyndryl is making cybersecurity training more fun [Fortune]Fortune
- Kyndryl survey reveals 86% of enterprises are moving fast to adopt AI to accelerate mainframe modernizationPR Newswire
KD
Earnings
- 7/31/24 - Beat
KD
Sec Filings
- 8/7/24 - Form 10-Q
- 8/5/24 - Form 4
- 8/5/24 - Form 4
- KD's page on the SEC website