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IBM announced in 2020 that it would be turning its managed infrastructure services division into a new public company called Kyndryl. ... Kyndryl’s stock rose 87% in 2023 and is currently up 70% ...
Officially formed in late 2021, Kyndryl was created from the spin-off of IBM's infrastructure services, [4] [5] and comprises the bulk of the former IBM Global Technology Services. [11] [12] At year-end 2020, the spin-off had a portfolio of around 4,400 customers, including 75% of the Fortune 100.
Kyndryl's recent investor day conference brought some very encouraging news for shareholders.
Kyndryl's fiscal Q2 report delivered good news for investors on key fronts.
Martin Schroeter (born 1964) is an American-Australian businessperson. [3] He has been the founding chairman and CEO of Kyndryl, an IBM spinoff, since 2021. [4] [5] [2] He previously held roles at IBM, including CFO from 2014 [6] to 2017, [7] and senior vice president of global markets until 2020. [8]
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [222] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [223] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...
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