Sure, we see the press releases about some small bank in the middle of Uzbekistan, but there isn't any new business is there? Existing contracts are not being renewed. It's a matter of time.
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I know this page is about hating Kyndyl but yes. In Europe we have couple of new customers, some very big. I'm freshly appointed SRE of customer from luxury industry, very expensive contract. Of course if you prefer you can believe nothing is happening and company is dying but in general this year Kyndryl will onboard more new customers and had changed it's structure from regular teams to pods that will help to safe more money.
It's all smoke and mirrors. I love the financial misdirection and financial double talk. It's all about the stock and stock compensation to the board members. It's the whole move along nothing to see here, everything is great. It's not great,we continue to lose money and hold huge debt. Spin it any way you want something has to give. If it was not for wall street pushing the stock off on retirement plans and institutional investors. Kyndryl would have already folded or been acquired. I constantly read in the financial news how Kyndryl could be an appetizing company for acquisition. The company is so undervalued, the stock is dirt cheap for a top notch tech company. It's all a sales pitch. Kyndryl is not going to be acquired any time soon. Their financial's are horrible, they are stuck with to many entrenched employee's. Realistically where are the huge profits for a company this size. Answer : there is none no big deals or big profit's just big debt.