12c per share loss, EDBITDA down, 3% decline in revenue YOY, negative cash flow higher than last year.....so what is the good news? Crickets. Receivables lagging behind, can someone point to a positive outlook aside from the normal smoke/mirrors?
10 replies (most recent on top)
@gp the only growth strategy we have is to grow the number of VPs basically we are grabbing Accenture and KPMGs castoffs and moving to consult by ppt not by doing. Kyndryl is becoming more IBM than when I was at IBM and in the UK we are hurtling back to the 80s in management style and outlook I would say clueless but that would be an understatement…
just more reasons to lay people off
@gp, SPOT ON!
@gq ,
Nobody cares about the company, everyone is just trying to stay relevant by blabbering about AI, AIOps.
Marty only cares about the new $100k garage doors going in at the beach house. He give AF?
This is the worst company I have worked for . Executives are too top heavy , every other person in consult is a VP, their AI strategy is just on PowerPoints and is not real. AIOPS is the biggest joke, delivery partners are being measured on how often they log into AIOPS and the tool doesn’t even work (zero value add). Jamie Rutledge is an a$$ and he needs to get fired . Mgmt does not know what they are doing , India mgmt have no experience managing clients and Jamie’s strategy is moving delivery partners to India. Go figure !! The company continues to loose revenue and the growth strategy is not working .
@d4 that culture seems to permeate Kyndryl.
@OP Muhaha. You didn't get his self promo speech. He doesn't care what the market thinks.. Marty believes he's the trend-setter, and the market will crawl and follow.
Brace for impact. It’s coming.
They can layoff more people now, and save their own as--s !!!