Kyndryl Holdings Inc (KD) News & EventsKDNews & EventsKyndryl Holdings Inc

Kyndryl Expands Strategic Alliance with Broadcom

Kyndryl (KD) announced an expanded strategic alliance with Broadcom (AVGO) to deliver end-to-end consulting services for VMware Cloud Foundatio, or VCF, to bring cloud-like speed, automation and developer experience to private and hybrid cloud environments. Under the expanded collaboration, Kyndryl and Broadcom aim to help enterprises modernize, secure and scale mission-critical systems by building sovereign, AI-ready private clouds that reduce operational complexity, are secure by design and strengthen long-term performance. To support this joint effort, Kyndryl and Broadcom are investing in the skills development of several thousand certified Kyndryl consultants, architects, and delivery specialists to enable agentic workflows. Through the expanded collaboration, Kyndryl provides end-to-end VCF and VMware Tanzu transformation capabilities across advisory and strategy, architecture and design, upgrade and modernization and Day-2 operations.

Kyndryl Plans to Acquire Healthcare IT Leaders

Kyndryl announced its intent to acquire Healthcare IT Leaders, an enterprise IT services provider for hospitals and health systems. The acquisition will enable Kyndryl to more effectively address growing customer demand for its AI-led business modernization across healthcare providers and payors by leveraging Healthcare IT Leaders' healthcare consulting and application managed services expertise. Kyndryl already supports a broad set of healthcare organizations by running large-scale, highly regulated IT environments across the U.S. The addition of Healthcare IT Leaders' business will deepen Kyndryl's relationships with leading national healthcare systems and expand Kyndryl's access to the application and consulting layer of those environments. Together, the two companies will be well positioned to support enterprise health systems and hospitals across federal, academic, pediatric and regional segments as they navigate increasingly complex workforce challenges and a highly regulated industry. The terms of the transaction were not disclosed. The transaction is expected to be completed during the Q2 of Kyndryl's FY27, subject to customary closing conditions and regulatory review.

Q1 Revenue at $3.62B, Below Consensus of $3.66B

Reports Q1 revenue $3.62B, consensus $3.66B. "Our first quarter results reflected strong momentum in signings, supported by strength in Kyndryl Consult and hyperscalers, with an increasing demand for AI-led modernization solutions," said Chairman and Chief Executive Officer Martin Schroeter. "We're encouraged by the progress we're making to improve business fundamentals and remain focused on driving consistent execution and delivering our fiscal 2027 and multi-year objectives."