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They have an absolutely massive consulting/services business (~ $20B/year run rate.)



Kyndryl was spun out of IBM a while back. My cynical take is that the “IBM GS” brand was so toxic this was the only way to continue to sell those billable hours.


Kyndryl was the infrastructure services group (then known as GTS). Consulting is still part of IBM (formerly known as GBS).




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