Sprouts Farmers Market closes $600 million revolving credit facility
NEW YORK - Kyndryl (NYSE: KD), a global provider of enterprise technology services with a market capitalization of $9.13 billion and an impressive 52.48% return over the past year, announced a strategic partnership with Databricks, aimed at accelerating digital transformation by enabling AI at scale for customers seeking to become data-driven organizations. According to InvestingPro analysis, Kyndryl’s stock currently appears overvalued despite its strong market performance.
The collaboration combines Kyndryl’s expertise in data and AI services with Databricks’ unified Data Intelligence Platform to support customers in modernizing their IT infrastructure and achieving business objectives efficiently. With annual revenue of $15.06 billion and a GOOD financial health score from InvestingPro, Kyndryl brings substantial resources to this partnership. "Together, we’ll expand the reach of Kyndryl’s services through the delivery of integrated solutions that enterprises need to enable AI at scale," said Giovanni Carraro, Kyndryl’s Global Strategic Alliances Leader.
Kyndryl will offer comprehensive services to facilitate customer adoption of the Databricks platform, including the modernization of data foundations, accelerating AI adoption, integrating SAP data, and delivering analytical insights by bridging legacy systems with advanced analytics.
Jason McIntyre, Vice President of Consulting and Solutions Integrators at Databricks, expressed his support for the partnership, highlighting Kyndryl’s role in driving customer adoption of Databricks due to their end-to-end services and experience in managing and modernizing IT environments.
The alliance is expected to leverage Kyndryl’s global presence and deep mainframe expertise to deliver increased business insights and value to customers through the advanced capabilities of the Databricks platform, such as machine learning and natural language processing.
As the world’s largest IT infrastructure services provider, Kyndryl operates in more than 60 countries, offering advisory, implementation, and managed service capabilities to thousands of customers. The company maintains a solid current ratio of 1.07 and has demonstrated profitability over the last twelve months. For deeper insights into Kyndryl’s financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, visit InvestingPro to access the detailed Pro Research Report.
This announcement is based on a press release statement and contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially from those projected due to various factors, including those described in Kyndryl’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.
In other recent news, Kyndryl Holdings Inc. reported its first-quarter earnings for 2025, showing a revenue of $3.8 billion, which surpassed analyst expectations of $3.77 billion. However, the company’s earnings per share (EPS) fell short at $0.52 compared to the forecasted $0.57. Despite the EPS miss, the positive revenue figures and advancements in AI and cloud services contributed to a favorable market reaction. In another development, Kyndryl announced a partnership with the Virginia Department of Motor Vehicles to modernize its IT systems, transitioning to a cloud-native architecture. This initiative is expected to enhance customer service and improve data security. Additionally, Kyndryl expanded its cloud services through an alliance with Microsoft, utilizing Microsoft Azure to create a more adaptable IT infrastructure. The company also announced key leadership changes, with appointments in its Delivery, Practice, and Country management roles to drive further growth and transformation. These developments reflect Kyndryl’s ongoing strategic efforts to strengthen its position in the enterprise technology services sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.