As I continue my research and investment with the company I find that there are customer deals that don’t fully make it into the US press wires. Below is a recent example from 2/14/2024. What is encouraging is that it supports managements assertion that they are renewing customers and adding higher margin business. In this example they have added Kyndryl’s Consult to their contract with SPIE in Europe. Terms of the deal were not disclosed. Below is the section of the press release discribing SPIE and also a link to the news release from Kyndryl.
SPIE is the independent European leader in multi-technical services in the areas of energy and communications. Our 48,000 employees are committed with our customers to the success of the energy transition and digital transformation. SPIE achieved consolidated sales of €8.1 billion and consolidated EBITA of €511 million in 2022. For more information, visit www.spie.com/en.
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