Kyndryl announced today an expanded relationship with Stellantis building on the agreement reached in Feb 2023. Kyndryl has been announcing a steady flow of new or expanded relationships over the last 2 years. Below is the press release link for today's Stellantis announcement.
Last week at the Evercore ISI conference, management outlined their strategy of returning the company to profitability. Signing new alliances is one of three priorities to their business strategy. The Stellantis announcements (Feb 2023 and Today) are the types of relationships management believe will help build higher margins and return to revenue growth and profitability. It is worth listening to the Evercore ISI conference to get a better understanding of the Kyndryl business strategy and progress against the strategy. While no new news was discussed at the conference, it reinforced for me that the turnaround remains intact. Below is the link to the recording of the conference discussion. Additionally, I have added a link for the Feb 2023 press release announcing the relationship with Stellantis.
Tomorrow management presents at the Morgan Stanley Technology, Media, Telcom Conference. I will listen and share my takeaway in an upcoming blog.
Comments