Kyndryl CEO on the company's turnaround after IBM split

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Martin Schroeter Notícia

Kyndryl,Fourth Quarter Earnings

Shares of Kyndryl (KD) are rising in extended-hours trading after topping Wall Street estimates in its fourth quarter earnings. The IT services company...

) are rising in extended-hours trading after topping Wall Street estimates in its fourth quarter earnings. The IT services company brought in $3.85 billion in revenue, more than the expected $3.76 billion.

Following the company's spin-off from IBM in 2021, Schroeter says Kyndryl has been able to create and evolve"really deep, meaningful relationships" with other tech giants like Microsoft , leading to a $500 million revenue stream. Schroeter expects that figure to rise to about $1 billion this year alone, saying the partnerships are"vital."

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