Tag IBM

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Q4 2024 Data Storage Corp Earnings Call...

As reporting becomes a regulatory requirement in more countries, it will be a challenge for enterprises operating in multiple countries and/or regions...

In a recently published report titled “Kyndryl – Like the old IBM, except with an Undisclosed Cost Problem: Part I,” Gotham City Research says that Kyndryl (KD) “manipulates” reported adjusted EBITDA plus adjusted free cash flow to artificially give the appearance that it generates profits and cash flow. “In reality, KD generates losses and burns cash.” Gotham City also believes Kyndryl faces higher incremental IBM (IBM) cost of services, which will pressure earnings far below consensus, for 202...

SNX's first-quarter fiscal 2025 results show modest revenue growth, but rising expenses and weak guidance trigger a sharp decline in its stock price...

In the closing of the recent trading day, IBM (IBM) stood at $246.21, denoting a -1.65% change from the preceding trading day...

Kyndryl Holdings (NYSE: KD) is the target of a report from a short-seller that accuses the IT infrastructure company of manipulating financial metrics. Investors are heading for the exits, sending shares of Kyndryl down as much as 15% on Thursday morning and 11% as of 12:00 p.m. ET. Kyndryl is a data center business that was spun out of IBM in 2021...

International Business Machines (NYSE:IBM) recently introduced its IBM Storage Ceph as a Service, enhancing its cloud solutions integrated with on-premises infrastructure. This, along with other business innovations like new AI partnerships with NVIDIA and collaboration updates with companies like Finastra, might have related to IBM's share price increase of 11% over the last quarter. Despite market turbulence, including tariff uncertainties impacting broader indices, IBM's consistent focus.....

The IT infrastructure specialist trades at 61 times GAAP earnings, and its free cash flows have been negative across the past four quarters. Kyndryl's separation from former parent company IBM (NYSE: IBM) left the company with lots of low-margin client contracts, resulting in poor profit margin. By then, the sliding top-line revenue should stabilize at mid-single-digit annual growth, setting Kyndryl up to be a shareholder-friendly cash machine with generous buybacks and perhaps a decent dividend, too...

Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow to give the appearance of profits and cash flow while in reality it generated losses and burned cash. "An economically realistic calculation of FCF shows that the company has never generated free cash flow, which should be particularly concerning that revenue has declined every single year," the report said. Kyndryl is a former infrastructure services business of IBM and operates in the consulting and IT industry where it has been benefiting from higher demand for its offerings due to a push into artificial intelligence...