A key part of IBM’s turnaround story was written in early November: packaging the company’s low-margin, negative-growth information-technology services business, giving it a cool-sounding name, and getting it off the income statement.
That’s how Kyndryl Holdings (ticker: KD) was born. The new/old company is a leading player in the IT managed services business, running data centers and other IT operations for more than 4,000 customers.
Kyndryl…
Source: finance.yahoo.com
Related posts:
Tesla Stock Is Dropping Again. Here’s How Far It Could Fall.
Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid i...
Schwab Faces Fresh Risks in the Zero-Fee Landscape It Shaped
Market Surge After US Inflation Data Has Skeptics Warning It’s Overdone
Here's What Verizon's CEO Has to Say About the Stock's Incredibly High 7% Yield