KD News & Events

Kyndryl and the State of Arizona Department of Transportation Motor Vehicle Division, or AZ MVD, announced an expansion of their systems modernization collaboration. Kyndryl will continue to deliver new capabilities for MVD's statewide services delivery - including expanded mobile and remote services, enhanced end-to-end field office operations, and streamlined transactions for residents and communities. As part of the extended collaboration, Kyndryl will support the digitization of AZ MVD's mail-based operations, service desk, and expansion of B2B services including dealers, fleets, motor carriers and insurance companies.

Reports Q4 revenue $3.8B, consensus $3.76B. "With our mission-critical engineering expertise, we continue to support our customers' most complex IT environments while taking disciplined actions to strengthen our business," said Kyndryl Chairman and Chief Executive Officer Martin Schroeter. "Enterprises are turning to Kyndryl for our high-value services across agentic AI, IT modernization, public and private cloud and cybersecurity to help them modernize at scale, strengthen resilience and unlock greater business value."

Sees FY27 constant-currency revenue flat to down 2%; FY27 free cash flow $400M-$500M.