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Kyndryl Stock Is on Track for Record Day. IBM Spinoff Is Getting Closer to Growth.

Eric J. Savitz
·4 min read
Kyndryl Stock Is on Track for Record Day. IBM Spinoff Is Getting Closer to Growth.

Kyndryl Holdings, the IT services infrastructure provider, posted better-than-expected quarterly results and guidance for fiscal 2025 that topped estimates. Kyndryl struggled in the early going after it was spun out of IBM in November 2021. The company packaged up some of IBM’s lower- margin services businesses, a move that effectively improved IBM’s reported growth rate as it chose to focus on cloud computing and artificial intelligence.

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