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Nov 4, 2021 · NEW YORK, Nov. 4, 2021 -- Kyndryl today announced that it has completed its previously announced spin-off from IBM (NYSE: IBM) and began trading as an independent company on the New York Stock Exchange under the ticker “KD”. Kyndryl celebrated becoming an independent, publicly-traded company by ringing the Opening Bell at the Exchange.
Nov 3, 2021 · ARMONK, N.Y., November 3, 2021 - IBM (NYSE: IBM) announced today that it has completed the separation of its managed infrastructure services business to Kyndryl. Starting on November 4, 2021, Kyndryl will begin “regular way” trading on the New York Stock Exchange under the symbol “KD.”
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...
- Peter Sayer
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- IBM Historical Net Income Considerations
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- Forward-Looking Statements and Non-Gaap Information
As IBM previously stated, in accordance with U.S. Generally Accepted Accounting Principles (GAAP), Kyndryl’s historical financial results will now be reported as discontinued operations within IBM’s consolidated financial reporting. As a reminder, IBM discontinued operations does not include historical intercompany transactions between IBM and Kynd...
IBM intends to provide additional information on fourth quarter 2021 discontinued operations later in November. This will allow investors and analysts to align their expectations to the company’s continuing operations reporting basis ahead of its earnings report in January. Further, IBM expects to provide a view of its 2020 and year-to-date 2021 qu...
Except for the historical information and discussions contained herein, certain statements made in this investor relations article may be characterized as forward looking under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and financial perfo...
NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Kyndryl today announced that it has completed its previously announced spin-off from IBM (NYSE: IBM) and began trading as an independent company on the New York Stock Exchange under the ticker "KD".
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.
IBM Announces Kyndryl Form 10 Filing Related to Separation. September 28, 2021. IBM is taking an important step in advancing its focus on hybrid cloud and AI with the separation of its managed infrastructure services business into a new public company, Kyndryl. On September 28, Kyndryl publicly filed its Form 10 Registration Statement with the SEC.
