Kyndryl set for IBM spin-off: Can it grow ecosystem, innovation and revenue?

Kyndryl, a managed services giant spun off from IBM, will officially become a publicly traded independent company on Wednesday and the company has a long to-do list that includes boosting innovation, delivering revenue growth and forging a cohesive employee culture.

Martin Schroeter, CEO of Kyndryl, said at the company’s inaugural investor day that Kyndryl will “ramp up our focus on innovation, going after new market opportunity and using our experience and our IP to benefit our customers.”

In the meantime, Kyndryl will remain known for being the largest integrator with $19.1 billion in revenue as well as 90,000 employees. According to Gartner, Kyndryl will be the largest implementation services leader followed by DXC, Atos, Fujitsu and Accenture.

Kyndryl operates in 63 countries, manages 750,000 virtual servers, 270,000 network devices and 25,000 SAP and Oracle systems.

Schroeter’s plan revolves around extending its implementation and managed services into other areas with more growth. Here’s a look at the plan, markets and potential growth through 2024. In short, Kyndryl will ride intelligent automation, data services, cloud services and security to deliver more value and enable digital transformation.

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The argument for Kyndryl is that companies are starting their digital transformations and the company has time

Read More: https://www.zdnet.com/article/kyndryl-set-for-ibm-spin-off-can-it-grow-ecosystem-innovation-and-revenue/#ftag=RSSbaffb68