💨 Abstract

Kyndryl, the former IT services division of IBM, reported a 23% increase in consulting business revenue due to businesses adopting AI technology. The company's Q2 revenue fell 7% to $3.77 billion, slightly beating estimates. Kyndryl aims to generate $1 billion in revenue from hyperscalers and recognized $260 million in Q2 from cloud provider services.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖