Executives at Kyndryl, the upcoming spin-off of IBM’s managed infrastructure services business, don’t expect to see “positive revenue growth” until 2025 due in part to how much the company will spend toward employee skills, experimenting with its business model, adding more partnerships and adding more cloud and advisory services.
Advantages Kyndryl will have once it separates from IBM after the market closes Nov. 3 include $19 billion in annual sales, a starting capital structure of $3 billion in debt and $2 billion in cash, a new freedom to partner with vendors outside of IBM and intellectual property that includes 3,000 issued patents, 800 pending and 200 being filed, executives said during a virtual event Tuesday aimed at potential investors. more here