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Kyndryl

Infrastructure services company with 7,500+ cyber resilience professionals

Overview

Kyndryl was formed in November 2021 through the spin-off of the infrastructure services unit of IBM’s Global Technology Services segment.[10] It describes itself in its annual report as the world’s largest IT infrastructure services provider, a claim made by the company.[10] For the fiscal year ended 31 March 2026 it reported revenue of US$15.1 billion, flat on a reported basis and down 3% in constant currency; signings were US$13.5 billion.[9] The company recognised US$1.9 billion of hyperscaler-related revenue, up 59%, and its Kyndryl Consult advisory business generated US$3.5 billion, up 18%.[9] It had approximately 72,000 employees in 60 countries at the end of the fiscal year, and its principal executive offices are in New York.[10] Service delivery runs through its Kyndryl Bridge platform.[10]

Kyndryl strengths and limitations

Strengths

  • Pure-play infrastructure services focus
  • Growing hyperscaler-related revenue shows cloud partnership activity
  • Large installed base in mainframe and data-centre operations
  • Partnerships with the major cloud providers for migration work

Limitations

  • Revenue declined 3% in constant currency in fiscal 2026
  • Signings fell from the prior year's record
  • Revenue fell 3% at constant currency in FY2026
  • Limited application and business-consulting capability compared with integrators

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