https://www.theregister.com/2024/11/20/kyndryl_little_new_business/
2 replies (most recent on top)
I left Business Development a few years ago after trying really hard. Just no business out there. Noticed a few tyrant old timers recently retired. Maybe this will help?
If you look at the revenue drivers for Kyndryl, 90-95% of the revenue is derived from Managed Services. As a result, little new business doesn't have much of an impact on our numbers.
This is further supported by our recent announcement of $300 million worth of stock buybacks despite "little new business".