Corporation (“IBM”), with IBM distributing 80.1% of its Kyndryl shares to IBM shareholders on November 3, 2021 (the “Distribution”). IBM shareholders of record as of October 25, 2021, received one share of Kyndryl common stock for every five shares of IBM common stock held on that ...
When IBM decided to spin off Kyndryl, its managed infrastructure services business, the firm was generating an annual revenue of around USD 19 billion.
Share repurchases–The Company repurchased 859,000 shares of its common stock at a cost of$30 millionin the third quarter, under the$300 millionshare repurchase program authorized in November. Raising Fiscal Year 2025 Earnings and Cash Flow Outlook Kyndrylis raising its earnings and cash flow out...
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". Kyndryl celebrated becoming an independent, publicly-tr...
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 ...
risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; the Company’s pension plans; the impact of currency fluctuations; risks related to the Company’s spin-off from IBM; and risks related to the Company’s common stock and the securities market....
and environmental matters; legal proceedings and investigatory risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; the Company's pension plans; the impact of currency fluctuations; and risks related to the Company's common stock and the securities ...
TechnologyKyndryl Stock Is on Track for Record Day. IBM Spinoff Is Getting Closer to Growth. May. 8, 2024 at 2:17 p.m. ETby Barron's TechnologyKyndryl Tops Earnings Expectations, Boosts Outlook. CEO Says Capital Returns Aren’t ‘Too Far Off.’ ...
Technology Kyndryl Stock Is on Track for Record Day. IBM Spinoff Is Getting Closer to Growth. May. 8, 2024 at 2:17 p.m. ET by Barron's Technology Kyndryl Tops Earnings Expectations, Boosts Outlook. CEO Says Capital Returns Aren’t ‘Too Far Off.’ Feb. 6, 2024 at 4:41 p.m....
investigatory risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; the Company's pension plans; the impact of currency fluctuations; risks related to the Company's spin-off from IBM; and risks related to the Company's common stock and the ...