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.
The pair are extremely reliable dividend payers, dispensing their payouts every quarter.
IBM chairman and CEO Arvind Krishna shares his thoughts on why the economy has slowed, and why AI is benefiting from it.