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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.
Kyndryl Reaffirms FY27 Revenue Outlook at $14.88B
FY27 consensus $14.88B. Kyndryl reaffirms its outlook for its fiscal 2027, which runs from April 2026 to March 2027: Adjusted pretax income of $600 to $700 million; Consistent with our definition of adjusted pretax income since fiscal 2025, this includes workforce rebalancing charges; Free cash flow of $400 to $500 million; Constant-currency revenue flat to down 2%
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."
Kyndryl and Aptiv Announce Strategic Collaboration
Kyndryl (KD) and Aptiv (APTV) announced a strategic collaboration to accelerate customer innovation in mission-critical environments across global markets. Aptiv selected Kyndryl to provide advisory, implementation and managed service support to modernize their customer experience and product engineering. Kyndryl will deploy Aptiv's Wind River software as part of its solutions portfolio. This partnership brings together advanced Wind River's technologies - including Wind River Cloud Platform's powerful private/sovereign cloud capabilities, eLxr Pro, VxWorks, and Helix Virtualization Platform - with Kyndryl's leadership in advisory, implementation, and managed services capabilities. The companies will collaborate on joint go-to-market initiatives and integrated offerings designed to help customers prepare for an edge AI-driven landscape, and operate and secure mission-critical environments with reduced deployment complexity and less risk while adopting edge and cloud capabilities.
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