All articles tagged with #kyndryl
Kyndryl has announced leadership changes including Harsh Chugh taking on expanded roles, Farhaz Thobani becoming Chief Administrative Officer, Paul Savill leading Cyber Security and Resiliency, Ivan Dopplé retiring, and Michael Przytula joining as Global Practice Leader for Digital Workplace, reflecting strategic growth and organizational restructuring.
Jim Cramer, host of CNBC's "Mad Money," shared his thoughts on various stocks during his lightning round segment. He praised Vertex as an "excellent" company, while expressing skepticism towards BlackBerry and Under Armour. Cramer recommended holding off on buying more Shopify shares and suggested considering Kyndryl as a potential winner in the market.
Kyndryl, the IT services company that spun out of IBM, saw a spike in its shares after reporting better-than-expected financial results for the June quarter and raising its full-year guidance.
IBM's Q1 earnings are expected to be impacted by increased costs of cloud platform development and adverse currency conversions, which could narrow the company's margin and impact profit. The company has forecast a $300 million charge related to the sales of its Kyndryl and Watson businesses. IBM's net income is expected to fall almost 10% to $1.2 billion, while revenue is expected to increase to $14.4 billion. The company's high-margin software segment is expected to report its slowest rate of revenue and profit growth in over two years.