Divya Goyal

Tien-tsin Huang

Ian Zaffino

James Friedman

Tyler DuPont

Isaac Opper

Jamie Friedman

- Kyndryl has fundamentally repositioned itself since its spin-off from IBM, focusing on a strategy of "Advanced delivery, Alliances, and Focus accounts" to leverage its ability to invest and freedom of action, including building capabilities around other hyperscalers.  **[1867072_tx_379738_1]** 
- The company has significantly improved profitability, moving from a **-3% PTI margin** at spin-out to a guided **+5%** this year.  **[1867072_tx_379738_2]**  The "focus accounts" initiative has been a major contributor, providing **$925 million** in annualized benefits, with a raised target of **$1 billion** per year.  **[1867072_tx_379738_2]** **[1867072_tx_379738_4]** 
- Kyndryl is experiencing growth in its consult activities, which have grown from **10%** to over **20%** of its business, and in hyperscaler-related alliances, projected to grow from **$1.2 billion** last year to **$1.8 billion** this year.  **[1867072_tx_379738_2]** **[1867072_tx_379738_5]** 
- The company aims to achieve its "triple double single" financial targets by fiscal year 2028, which include tripling cash flow, doubling profit to over **$1.2 billion** in pretax earnings, and exiting with mid-single digit revenue growth.  **[1867072_tx_379738_5]** **[1867072_tx_379738_8]** **[1867072_tx_379738_9]** 
- Kyndryl plans to allocate capital through small tuck-in acquisitions and an ongoing share repurchase program, having increased activity and being more than halfway through its current authorization.  **[1867072_tx_379738_12]**

Kyndryl Holdings (KD)