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After the separation, IBM will focus on its core hybrid cloud and artificial intelligence (AI) solutions business. Following the news, shares sank 1.4%, closing at $140.47 on October 12.
On November 4, 2021, Kyndryl completed its separation from IBM and began trading as an independent company on the New York Stock Exchange, [4] [5] with Martin Schroeter as chairman and CEO. [ 15 ] [ 16 ] [ 17 ] Kyndryl operated in 63 countries in November 2021, and managed around 400 data centers . [ 18 ]
Kyndrl CEO Martin Schroeter speaks with Yahoo Finance Live about the company’s debut and its $19 billion IT infrastructure business that spun off from IBM
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% ...
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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]
Kyndryl (NYSE: KD) stock is surging in Thursday's trading. The IT company's share price was up 14.6% as of 3:15 p.m. ET. Meanwhile, the S&P 500 index was up 0.7%. Kyndryl stock is making big gains ...
Kyndryl's fiscal Q2 report delivered good news for investors on key fronts.
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