Kyndryl & Cisco Join Hands To Help Customers In Addressing Cyber Incidents
Portfolio Pulse from Lekha Gupta
Kyndryl Holdings Inc (KD) has expanded its technology partnership with Cisco Systems Inc (CSCO) to offer cyber resilience services. The collaboration will combine KD's cyber resilience framework with Cisco's network software portfolio, hardware, and equipment to help customers address cyber incidents more efficiently. KD recently reported Q1 FY24 revenues of $4.2 billion and a net loss of $141 million, but raised its fiscal 2024 adjusted EBITDA margin outlook to approximately 14%.
August 24, 2023 | 2:34 pm
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POSITIVE IMPACT
Cisco's expanded partnership with Kyndryl to offer cyber resilience services could potentially increase its product usage and boost its revenues.
The expanded partnership with Kyndryl allows Cisco to increase the usage of its network software portfolio, hardware, and equipment, which could attract more customers and increase revenues.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Kyndryl's expanded partnership with Cisco to offer cyber resilience services could potentially boost its revenues and improve its financial performance.
The expanded partnership with Cisco allows Kyndryl to offer more comprehensive and efficient cyber resilience services, which could attract more customers and increase revenues. This could potentially improve Kyndryl's financial performance, which recently reported a net loss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100