Kyndryl & Cisco Join Hands To Help Customers In Addressing Cyber Incidents

Kyndryl Holdings Inc KD expanded its technology partnership with Cisco Systems Inc CSCO to offer cyber resilience services.

Per this deal, KD will combine its cyber resilience framework with Cisco's extensive network software portfolio, hardware, and equipment to aid customers in efficiently addressing cyber incidents.

Customers can maximize the return on their security investment through the adoption of more efficient and integrated security solutions.

"As customers consume more cloud-based applications, it's more important than ever to have the right tools to help them integrate a cyber resilient framework into their IT strategy and business operations. Our collaboration with Cisco will enable Kyndryl to support our customers' zero trust journeys with dynamic and tailored solutions while integrating existing security controls," said Michelle Weston, Vice President of Global Offerings for Security and Resiliency. 

Earlier this month, KD reported Q1 FY24 revenues of $4.2 billion and a quarterly net loss of $(141) million.

The company also raised its fiscal 2024 adjusted EBITDA margin outlook to approximately 14%, up from its prior projection of 12% - 13%. 

Price Action: KD shares are trading flat at $15.99 on the last check Thursday.