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.
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
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 • shareholder letter icon 6/12/2024 Letter Continued (Full PDF)
 • stockholder letter icon 6/14/2023 KD Stockholder Letter
 • stockholder letter icon More "Information Technology Services" Category Stockholder Letters
 • Benford's Law Stocks icon KD Benford's Law Stock Score = 98


KD 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.)



shareholder letter icon 6/12/2024 Letter Continued (Full PDF)
 

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