On this page of StockholderLetter.com we present the latest annual shareholder letter from Kyndryl Holdings, Inc. — ticker symbol KD. Reading current and past KD letters to shareholders can bring important insights into the investment thesis.
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6/12/2024 Letter Continued (Full PDF)
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6/14/2023 KD Stockholder Letter
• More "Information Technology Services" Category Stockholder Letters
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KD Benford's Law Stock Score = 97
6/12/2024 Letter Continued (Full PDF)
•
6/14/2023 KD Stockholder Letter•
More "Information Technology Services" Category Stockholder Letters•
KD Benford's Law Stock Score = 97KD Shareholder/Stockholder Letter Transcript:
Fiscal Year 2024 Annual Report Kyndryl (NYSE: KD) is the world s largest IT infrastructure services provider, r, serving thousands of enterprise customers in more than 60 countries. The Company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com. A Message from Our Chairman and Chief Executive Officer Dear Fellow Stockholders, Kyndryl s fiscal 2024 was a year of accelerated progress and achievement throughout the organization. I m very proud of what we ve accomplished. Thanks to our consistently strong execution, we exceeded our full-year financial targets and continued to solidify our market leadership position partnering with the most important enterprises and governments around the world helping to move the global digital economy forward. In our second full year as an independent company, we broadened our technology alliances, grew our Kyndryl Consult advisory business and invested in our AI-powered innovation platform, Kyndryl Bridge, to further enhance the quality of the services we offer. Our performance in fiscal-year 2024 MARTIN SCHROETER demonstrates our business strategy is sound, and we re able to execute on it. It also proves that Kyndryl is a vital partner to our customers as we help them to run and transform their mission-critical, complex technology estates. Our people the industry s most trusted technology engineers and expert advisors derive insights from our unique operational data and intellectual property to help our customers achieve real business results. In the last two years, Kyndryl has reimagined how we show up for our customers and each other. That was made possible by an ambitious internal transformation. We modernized our own IT estate and built a new, purpose-driven culture with a strong commitment to corporate citizenship which is interwoven with our business strategy. We proudly operate at the heart of progress where innovation, environmental stewardship and social impact converge. In fiscal 2024, we also published our inaugural Corporate Citizenship Report, which can be found on www.kyndryl.com. We ll approach our fiscal-year 2025 with the same intensity and determination. During the last two-and-a-half years, we worked diligently to set this company on a path to profitable growth accomplishing our turnaround goals without disruption to our customers. We ve established a track record of powerful execution, and we ll continue to be bold and ambitious about how we come together with other leading technology providers to deliver value for our customers. Looking ahead, we re pivoting to growth, and our global team will work as a flat, fast and focused organization to achieve our strategic priorities and financial goals. We will lean into our heritage running mission-critical infrastructure, while building new capabilities that our customers need to advance their digital transformations. And we ll continue to nurture a culture that is restless, empathetic and devoted to our customers, our employees and our stockholders. Thank you for your continued confidence in Kyndryl. Sincerely, MARTIN SCHROETER Chairman of the Board and Chief Executive Officer Kyndryl June 12, 2024 (This page has been left blank intentionally.)