Kyndryl Holdings, Inc. (KD) Bundle
A Brief History of Kyndryl Holdings, Inc. (KD)
Company Formation and Spinoff
Kyndryl Holdings, Inc. was formed on November 3, 2021, as a spinoff from IBM's managed infrastructure services business. The company was listed on the New York Stock Exchange under the ticker symbol KD.
Financial Performance
| Fiscal Year | Total Revenue | Net Income |
|---|---|---|
| 2022 | $19.16 billion | ($665 million) |
| 2023 | $18.63 billion | ($132 million) |
Global Presence
Kyndryl operates in over 60 countries with approximately 90,000 employees as of 2023.
Key Service Offerings
- Cloud infrastructure services
- Digital workplace services
- Network and edge services
- Security and resiliency services
Strategic Partnerships
Kyndryl has established strategic partnerships with major technology providers including:
- Amazon Web Services
- Microsoft Azure
- Google Cloud
- SAP
Stock Performance
| Date | Stock Price | Market Capitalization |
|---|---|---|
| January 2024 | $21.45 | $4.98 billion |
Recent Acquisitions and Investments
Kyndryl has focused on strategic investments in digital transformation and cloud migration technologies.
Leadership
CEO: Martin Schroeter (appointed at company formation)
A Who Owns Kyndryl Holdings, Inc. (KD)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 22,964,570 | 10.24% |
| BlackRock Inc. | 19,409,317 | 8.66% |
| State Street Corporation | 11,484,285 | 5.12% |
Top Individual Shareholders
- Martin Schroeter, Chairman and CEO, owns approximately 1,200,000 shares
- Executive leadership team collectively owns around 2.5% of total outstanding shares
Ownership Distribution
Public float: 95.3%
Institutional investors hold 68.2% of total outstanding shares as of Q4 2023
Shareholder Breakdown
| Investor Type | Percentage |
|---|---|
| Mutual Funds | 42.1% |
| ETFs | 18.3% |
| Individual Investors | 14.5% |
| Hedge Funds | 7.6% |
Kyndryl Holdings, Inc. (KD) Mission Statement
Company Overview
Kyndryl Holdings, Inc. is a global technology services and consulting company spun off from IBM in November 2021. As of 2024, the company operates with the following key characteristics:
| Metric | Value |
|---|---|
| Market Capitalization | $3.89 billion (as of January 2024) |
| Total Employees | 90,000 |
| Global Presence | 60 countries |
| Annual Revenue | $19.16 billion (2023 fiscal year) |
Mission Statement Components
Kyndryl's mission focuses on:
- Modernizing critical infrastructure for enterprises
- Delivering end-to-end technology services
- Enabling digital transformation for global businesses
Strategic Service Offerings
Key service areas include:
- Cloud Infrastructure Services
- Digital Workplace Services
- Network and Edge Services
- Security and Resiliency Services
Financial Performance Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Gross Margin | 25.3% |
| Operating Income | $685 million |
| Free Cash Flow | $713 million |
Strategic Partnerships
Kyndryl maintains strategic partnerships with:
- Microsoft Azure
- Amazon Web Services
- Google Cloud
- Red Hat
How Kyndryl Holdings, Inc. (KD) Works
Company Overview
Kyndryl Holdings, Inc. is a global IT infrastructure services company spun off from IBM in November 2021. As of 2024, the company operates with 90,000 employees across 60 countries.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $19.4 billion |
| Net Income | $524 million |
| Market Capitalization | $4.2 billion |
Service Offerings
- Cloud Infrastructure Services
- Digital Workplace Services
- Network and Edge Services
- Security and Resiliency Services
Global Delivery Model
Kyndryl operates through four primary geographic regions:
| Region | Revenue Contribution |
|---|---|
| North America | 48% |
| Europe, Middle East, Africa | 29% |
| Asia Pacific | 15% |
| Latin America | 8% |
Strategic Partnerships
- Microsoft Azure
- Amazon Web Services
- Google Cloud
- Red Hat
Key Technology Focus Areas
Kyndryl concentrates on advanced technologies including:
- Hybrid Cloud Solutions
- AI and Machine Learning
- Cybersecurity
- Quantum Computing
Operational Metrics
| Metric | 2023 Value |
|---|---|
| Number of Customers | 4,000+ |
| Global Data Centers | 50+ |
| Annual R&D Investment | $500 million |
How Kyndryl Holdings, Inc. (KD) Makes Money
Revenue Streams
Kyndryl generates revenue through multiple service segments:
- Cloud Services
- Digital Workplace Services
- Network and Edge Services
- Applications and Data Services
- Security Services
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $19.5 billion |
| Gross Profit Margin | 17.3% |
| Operating Income | $655 million |
| Net Income | $392 million |
Service Segment Breakdown
| Service Segment | Revenue Contribution |
|---|---|
| Cloud Services | $6.7 billion |
| Digital Workplace Services | $4.3 billion |
| Network and Edge Services | $3.9 billion |
| Applications and Data Services | $4.6 billion |
Global Client Base
Kyndryl serves 2,000+ enterprise clients across multiple industries including financial services, healthcare, manufacturing, and telecommunications.
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| North America | 48% |
| Europe/Middle East/Africa | 32% |
| Asia Pacific | 20% |
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