Search results
Nov 4, 2021 · IBM has temporarily retained 19.9 percent equity ownership of Kyndryl following this distribution. Kyndryl (NYSE: KD) designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. Kyndryl’s nearly 90,000 employees serve customers in more than 60 countries around the world.
Kyndryl is organized into six global managed services practices, each managing a different aspect of technology: applications, data and AI; core enterprise and zCloud, IBM’s mainframe-as-a ...
- Peter Sayer
- IBM Shareholders Will Become Kyndryl Shareholders
- Kyndryl Will Be A $19 Billion Behemoth in A Massive Industry
- Kyndryl Is Free Cash Flow Positive If You Make Some Adjustments
- IBM Will Be Smaller But Have Higher Margins
- IBM Will Be Focused on The Hybrid Cloud
The plan has always been for IBM to distribute shares of Kyndryl to its shareholders in a tax-free transaction. We now know more about what that transaction will look like. IBM shareholders will receive at least 80.1% of Kyndryl's common stock when the spinoff is complete, with IBM retaining the remaining stake. IBM plans to exchange its stake in K...
Kyndryl is already a major player in the realm of designing, building, managing, and modernizing mission-critical technology systems. The company has 4,000 customers in more than 100 countries, and it generated $19.4 billion of revenue in 2020. Kyndryl estimates that its current addressable market is $415 billion. That market is expected to grow by...
Measuring the profitability of a business that's still part of a larger parent company can be difficult. On an unadjusted basis, Kyndryl produced a pre-tax loss of $1.8 billion and a free cash flow loss of $0.3 billion in 2020. These numbers don't necessarily reflect how Kyndryl will perform once it's officially a stand-alone company. Among other t...
IBM is giving up around $19 billion of annual revenue by spinning off Kyndryl, but it's not giving up all that much free cash flow. IBM reported revenue of $73.6 billion and free cash flow of $10.8 billion in 2020. Excluding Kyndryl, revenue would have been $57.5 billion and free cash flow would have been around $10 billion. IBM will provide more d...
While Kyndryl has a large market opportunity, managed infrastructure services is a labor-intensive business. Kyndryl will have around 90,000 employees, so revenue per employee will be just over $200,000. That's lower than Walmart, for comparison. What remains of IBM will be less focused on low-margin services and more focused on high-margin softwar...
People also ask
Does IBM still have a 'kyndryl' business?
What happened to IBM & kyndryl?
Why did IBM spin-off kyndryl?
Is kyndryl the world's largest independent IT infrastructure services provider?
Jul 1, 2021 · ARMONK, N.Y., July 1, 2021 / PRNewswire / -- Kyndryl, the independent public company that will be created following the separation of IBM's (NYSE: IBM ) Managed Infrastructure Services business, today announced its global leadership model to bring its mission-critical technical expertise to a broader set of core digital technology environments.
Nov 9, 2023 · When IBM spun out its managed infrastructure services business as Kyndryl in 2021, the new company had two years to transition to its own IT systems. It also chose to use that time to undertake a ...
- Peter Sayer
Nov 4, 2021 · This morning IBM officially spun out its infrastructure services into a new business called Kyndryl, one that, by the way, has revenue of $19 billion out of the gate as a public company.Whatever ...
Oct 31, 2023 · In Kyndryl headquarters, a digital clock counts down the days, hours and minutes to the decoupling of its tech stack from IBM. Permission granted by Kyndryl. When IBM completed its spinoff of Kyndryl on Nov. 4, 2021, a countdown clock started ticking. The nascent managed services infrastructure company had two years to decouple its IT stack ...
