This is really pi----g me off. Looking at the last quarter's results, I see bad numbers, yet online people keep saying "MaNaGeMeNt'S pLaN iS WoRkInG!!!!" providing no information as to why or how. I guess a -126.53% miss on EPS is magically good for Kyndryl even though it is awful for anyone else. To make matters worse, some news outlets are repeating Schroeter's propaganda about the last quarter with zero analysis of the results other than what Schroeter and Wyshner said. And, About that brilliant "Three A's" plan, Schroeter is basically saying "Buy our stock because we might be profitable in 2025!", but that's like saying "I might be the King of Atlantis by 2025"; it means nothing. We have to judge companies based on their numbers, not their crooked CEO talking out his a-s.
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@nzy A $50M deal is pretty tiny. When I was in GTS back in the day, all-encompassing deals in the $350-400M range were the norm. What do you get for $50M these days? Help desk? Deskside tech support? Server monitoring maybe? I understand that in the current age a lot of stuff is farmed out to different vendors, so $50M is the best that Kyndryl can expect from a deal nowadays. Unless Kyndryl has a really different cost structure from IBM (unlikely), it's hard to imagine making significant profit from $50M. Maybe your old bosses wanted to get a bunch of little deals and make money on volume.
It's easy. Management keeps trumpeting that their plan is working and basing it off projections that they are making. The numbers don't really add up.
What was that last post. Sir or Madame what I mean what was that string of incoherent thoughts you were trying to convey. It was all word vomit, not a single relatable idea, opinion, or argument. I wish you well in your current position (WOW WOW)
I recently onboarded (from technical point of view, I'm a tech person) new customer from luxury brands sector. Not sure how long ago from business point of view that customer deal was set (could not be recent pipeline), but we have some new ones and big. Also people say Kyndyl has no product. Some people work on it. Maybe it won't be released this or next year, maybe eventually it won't be released at all, but there are some plans, we use some stuff internally and it could be other company could pay for that. Probably I can't say details publicly, I'm just a small tech employee, no business person, no manager but it could be in couple of years it will be solid company even with own products. So far is trying to get rid of debts in hard economical circumstances, interest rates high, no more borrowing cheap money from banks, but it's equally damaging for all companies, especially for venture capital stars like Airbnb or Uber. I think kyndyl does well in new economy, where you have to lead company like it is your household. It you have debts you limit spendings and look for new ways to earn more, you don't borrow to invest for future growth. In this situation it's hard to assume 2025 will the year of profits for Kyndryl. Maybe still not, but also no one keeps you here if you don't want to work in Kyndyl. There are other companies, more promising for now. Good luck in recruitment processes. Also investing in stocks isn't mandatory. I have some but not too many. Potential loss will not be too painful, although I obviously hope for growth. Let's see.
Well it’s in line with the guidance that was set years ago. You say you like numbers? Take a look at where they were immediately post spin off and where they are now. Not sure how you could think any of this is bad. They are well ahead of the guidance they set initially.
Well see what wall street thinks today based on the stock price
Is anyone familiar with any new business coming in? When I left recently as a Business Development Executive, there was absolute zero pipeline. Management was begging us to find $50M deals. Yeah, OK.