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Exam Code: A2010-569 Practice test 2022 by Killexams.com team
Assessment: IBM Tivoli Workload Scheduler V8.6 Implementation
IBM Implementation approach
Killexams : IBM Implementation approach - BingNews https://killexams.com/pass4sure/exam-detail/A2010-569 Search results Killexams : IBM Implementation approach - BingNews https://killexams.com/pass4sure/exam-detail/A2010-569 https://killexams.com/exam_list/IBM Killexams : IBM unveils a bold new ‘quantum error mitigation’ strategy

IBM today announced a new strategy for the implementation of several “error mitigation” techniques designed to bring about the era of fault-tolerant quantum computers.

Up front: Anyone still clinging to the notion that quantum circuits are too noisy for useful computing is about to be disillusioned.

A decade ago, the idea of a working quantum computing system seemed far-fetched to most of us. Today, researchers around the world connect to IBM’s cloud-based quantum systems with such frequency that, according to IBM’s director of quantum infrastructure, some three billion quantum circuits are completed every day.

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IBM and other companies are already using quantum technology to do things that either couldn’t be done by classical binary computers or would take too much time or energy. But there’s still a lot of work to be done.

The dream is to create a useful, fault-tolerant quantum computer capable of demonstrating clear quantum advantage — the point where quantum processors are capable of doing things that classical ones simply cannot.

Background: Here at Neural, we identified quantum computing as the most important technology of 2022 and that’s unlikely to change as we continue the perennial march forward.

The short and long of it is that quantum computing promises to do away with our current computational limits. Rather than replacing the CPU or GPU, it’ll add the QPU (quantum processing unit) to our tool belt.

What this means is up to the individual use case. Most of us don’t need quantum computers because our day-to-day problems aren’t that difficult.

But, for industries such as banking, energy, and security, the existence of new technologies capable of solving problems more complex than today’s technology can represents a paradigm shift the likes of which we may not have seen since the advent of steam power.

If you can imagine a magical machine capable of increasing efficiency across numerous high-impact domains — it could save time, money, and energy at scales that could ultimately affect every human on Earth — then you can understand why IBM and others are so eager on building QPUs that demonstrate quantum advantage.

The problem: Building pieces of hardware capable of manipulating quantum mechanics as a method by which to perform a computation is, as you can imagine, very hard.

IBM’s spent the past decade or so figuring out how to solve the foundational problems plaguing the field — to include the basic infrastructure, cooling, and power source requirements necessary just to get started in the labs.

Today, IBM’s quantum roadmap shows just how far the industry has come:

But to get where it’s going, we need to solve one of the few remaining foundational problems related to the development of useful quantum processors: they’re noisy as heck.

The solution: Noisy qubits are the quantum computer engineer’s current bane. Essentially, the more processing power you try to squeeze out of a quantum computer the noisier its qubits get (qubits are essentially the computer bits of quantum computing).

Until now, the bulk of the work in squelching this noise has involved scaling qubits so that the signal the scientists are trying to read is strong enough to squeeze through.

In the experimental phases, solving noisy qubits was largely a game of Wack-a-mole. As scientists came up with new techniques — many of which were pioneered in IBM laboratories — they pipelined them to researchers for novel application.

But, these days, the field has advanced quite a bit. The art of error mitigation has evolved from targeted one-off solutions to a full suite of techniques.

Per IBM:

Current quantum hardware is subject to different sources of noise, the most well-known being qubit decoherence, individual gate errors, and measurement errors. These errors limit the depth of the quantum circuit that we can implement. However, even for shallow circuits, noise can lead to faulty estimates. Fortunately, quantum error mitigation provides a collection of tools and methods that allow us to evaluate accurate expectation values from noisy, shallow depth quantum circuits, even before the introduction of fault tolerance.

In recent years, we developed and implemented two general-purpose error mitigation methods, called zero noise extrapolation (ZNE) and probabilistic error cancellation (PEC).

Both techniques involve extremely complex applications of quantum mechanics, but they basically boil down to finding ways to eliminate or squelch the noise coming off quantum systems and/or to amplify the signal that scientists are trying to measure for quantum computations and other processes.

Neural’s take: We spoke to IBM’s director of quantum infrastructure, Jerry Chow, who seemed pretty excited about the new paradigm.

He explained that the techniques being touted in the new press release were already in production. IBM’s already demonstrated massive improvements in their ability to scale solutions, repeat cutting-edge results, and speed up classical processes using quantum hardware.

The bottom line is that quantum computers are here, and they work. Currently, it’s a bit hit or miss whether they can solve a specific problem better than classical systems, but the last remaining hard obstacle is fault-tolerance.

IBM’s new “error mitigation” strategy signals a change from the discovery phase of fault-tolerance solutions to implementation.

We tip our hats to the IBM quantum research team. Learn more here at IBM’s official blog.

Thu, 28 Jul 2022 03:42:00 -0500 en text/html https://thenextweb.com/news/ibm-unveils-bold-new-quantum-error-mitigation-strategy
Killexams : The Rise Of Digital Twin Technology

Senior advisor to the ACIO and executive leadership at the IRS.

The ongoing global digital transformation is fueling innovation in all industries. One such innovation is called digital twin technology, which was originally invented 40 years ago. When the Apollo mission was developed, scientists at NASA created a digital twin of the mission Apollo and conducted experiments on the clone before the mission started. Digital twin technology is now becoming very popular in the manufacturing and healthcare industries.

Do you know that the densely populated city of Shanghai has its own fully deployed digital twin (virtual clone) covering more than 4,000 kilometers? This was created by mapping every physical device to a new virtual world and applying artificial intelligence, machine learning and IoT technologies to that map. Similarly, Singapore is bracing for a full deployment of its own digital twin. The McLaren sports car already has its own digital twin.

Companies like Siemens, Philips, IBM, Cisco, Bosch and Microsoft are already miles ahead in this technology, fueling the Fourth Industrial Revolution. The conglomeration of AI, IoT and data analytics predicts the future performance of a product even before the product’s final design is approved. Organizations can create a planned process using digital twin technology. With a digital twin, process failures can be analyzed ahead of production. Engineering teams can perform scenario-based testing to predict the failures, identify risks and apply mitigation in simulation labs.

Digital twins produce a digital thread that can then enable data flows and provide an integrated view of asset data. These digital threads are the key to the product life cycle and help optimize product life cycles. The simulation of a digital thread can identify gaps in operational efficiencies and produce a wealth of process improvement opportunities through the application of AI.

Another reason behind the overwhelming success of digital twin technology is its use in issue identification and minor product design corrections while products are in operations. For example, for a high-rise building, with a digital twin, we can identify minor structural issues and implement them in the virtual world before carrying them over to the real world, cutting down long testing cycles.

By the end of this decade, scientists may come up with a fully functional digital twin of a human being that can tremendously help in medical research. There may be a digital version of some of us walking around, and when needed, it can provide updates to our family or healthcare providers regarding any critical health conditions we may have. Some powerful use cases for the use of digital twin humans include drug testing and proactive injury prevention.

Organizations starting to think about implementing digital twin technology in product manufacturing should first look at the tremendous innovation done by leaders like Siemens and GE. There are hundreds of case studies published by these two organizations that are openly available on the market. The next step is to create a core research team and estimate the cost of implementing this technology with the right ROI justification for your business stakeholder. This technology is hard to implement, and it’s also hard to maintain. That’s why you should develop a long-term sustainable strategy for digital twin implementation.


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Wed, 03 Aug 2022 02:00:00 -0500 Kiran Palla en text/html https://www.forbes.com/sites/forbestechcouncil/2022/08/03/the-rise-of-digital-twin-technology/
Killexams : IBM Rolls Out New Power10 Servers And Flexible Consumption Models

The high-end Power10 server launched last year has enjoyed “fantastic” demand, according to IBM. Let’s look into how IBM Power has maintained its unique place in the processor landscape.

This article is a bit of a walk down memory lane for me, as I recall 4 years working as the VP of Marketing at IBM Power back in the 90s. The IBM Power development team is unique as many of the engineers came from a heritage of developing processors for the venerable and durable mainframe (IBMz) and the IBM AS400. These systems were not cheap, but they offered enterprises advanced features that were not available in processors from SUN or DEC, and are still differentiated versus the industry standard x86.

While a great deal has changed in the industry since I left IBM, the Power processor remains the king of the hill when it comes to performance, security, reliability, availability, OS choice, and flexible pricing models in an open platform. The new Power10 processor-based systems are optimized to run both mission-critical workloads like core business applications and databases, as well as maximize the efficiency of containerized and cloud-native applications.

What has IBM announced?

IBM introduced the high-end Power10 server last September and is now broadening the portfolio with four new systems: the scale-out 2U Power S1014, Power S1022, and Power S1024, along with a 4U midrange server, the Power E1050. These new systems, built around the Power10 processor, have twice the cores and memory bandwidth of the previous generation to bring high-end advantages to the entire Power10 product line. Supporting AIX, Linux, and IBM i operating systems, these new servers provide Enterprise clients a resilient platform for hybrid cloud adoption models.

The latest IBM Power10 processor design includes the Dual Chip Module (DCM) and the entry Single Chip Module SCM) packaging, which is available in various configurations from four cores to 24 cores per socket. Native PCIe 5th generation connectivity from the processor socket delivers higher performance and bandwidth for connected adapters. And IBM Power10 remains the only 8-way simultaneous multi-threaded core in the industry.

An example of the advanced technology offered in Power10 is the Open Memory Interface (OMI) connected differential DIMM (DDIMM) memory cards delivering increased performance, resilience, and security over industry-standard memory technologies, including the implementation of transparent memory encryption. The Power10 servers include PowerVM Enterprise Edition to deliver virtualized environments and support a frictionless hybrid cloud deployment model.

Surveys say IBM Power experiences 3.3 minutes or less of unplanned outage due to security issues, while an ITIC survey of 1,200 corporations across 28 vertical markets gives IBM Power a 99.999% or greater availability rating. Power10 also stepped up the AI Inferencing game with 5X faster inferencing per socket versus Power9 with each Power10 processor core sporting 4 Matrix Math Accelerators.

But perhaps even more telling of the IBM Power strategy is the consumption-based pricing in the Power Private Cloud with Shared Utility Capacity commercial model allowing customers to consume resources more flexibly and efficiently for all supported operating systems. As x86 continued to lower server pricing over the last two decades, IBM has rolled out innovative pricing models to keep these advanced systems more affordable in the face of ever-increasing cloud adoption and commoditization.

Conclusions

While most believe that IBM has left the hardware business, the company’s investments in underlying hardware technology at the IBM Research Labs, and the continual enhancements to IBM Power10 and IBM z demonstrate that the firm remains committed to advanced hardware capabilities while eschewing the battles for commoditized (and lower margin) hardware such as x86, Arm, and RISC-V.

Enterprises demanding more powerful, flexible, secure, and yes, even affordable innovation would do well to familiarize themselves with IBM’s latests in advanced hardware designs.

Mon, 18 Jul 2022 04:29:00 -0500 Karl Freund en text/html https://www.forbes.com/sites/karlfreund/2022/07/18/ibm-rolls-out-new-power10-servers-and-flexible-consumption-models/
Killexams : IT Consulting Services Market May See a Big Move | Fujitsu, IBM, Gartner

AMA introduce new research on Global IT Consulting Services covering micro level of analysis by competitors and key business segments (2021-2027). The Global IT Consulting Services explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing.

Ask trial Report PDF @ https://www.advancemarketanalytics.com/sample-report/6525-global-it-consulting-services—procurement-market

Some of the Major Key players profiled in the study are Fujitsu Limited (Japan), HCL Technologies Limited (India), Hexaware Tech Limited (India), Infosys Limited (India), Ernst &Young (U.K), KPMG (Europe), PricewaterhouseCoopers (U.K), Avante (United States), Cognizant Tech Corp. (United States), Gartner, Inc. (United States), Syntel Inc. (United States), IBM Corp (United States), McKinsey & Company (United States),.

IT consulting market is expected to face significantly higher demand due to factors like digitization, analytics, cloud, robotics, and the Internet of Things (IoT). IT consulting services involves professional business computer consultancy and advisory services which provide expertise, experience, industry intelligence to the enterprise. This industry deals with professional service firms, staffing firms, contractors, information security consultants. The IT consulting segment includes both advisory and implementation services but excludes transactional IT activities. The IT consulting services market consists of eight main divisions i.e. IT Strategy, IT Architecture, IT Implementation, ERP services, Systems Integration, Data Analytics, IT Security and Software Management.

Influencing Market Trend

  • IT consulting services are helping organizations to manage their investment and technology and business strategies.

Market Drivers

  • Current trend on Generalization of business and operating module
  • Requirement of IT investment monitoring
  • Change in traditional IT solutions to computing solution
  • Transition in IT infrastructure to cloud computing infrastructure.

Opportunities:

  • Cloud Infrastructure prospective is projected to create market opportunities for the market manufacturers.

Challenges:

  • Changing and rigorous legislative and accreditation needs is the major challenge faced by this market.

For more data or any query mail at [email protected]

Which market aspects are illuminated in the report?

Executive Summary: It covers a summary of the most vital studies, the Global IT Consulting Services market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global IT Consulting Services market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global IT Consulting Services report offers data on imports and exports, sales, production and key companies in all studied regional markets

Highlighted of Global IT Consulting Services Market Segments and Sub-Segment:

IT Consulting Services Market by Key Players: Fujitsu Limited (Japan), HCL Technologies Limited (India), Hexaware Tech Limited (India), Infosys Limited (India), Ernst &Young (U.K), KPMG (Europe), PricewaterhouseCoopers (U.K), Avante (United States), Cognizant Tech Corp. (United States), Gartner, Inc. (United States), Syntel Inc. (United States), IBM Corp (United States), McKinsey & Company (United States),

IT Consulting Services Market: by Application (Information protection (Data loss prevention, authentication and encryption), Threat protection (Data center and end point), Web and cloud based protection, Services (Advisory, Design, Implementation, Financial, Healthcare, IT telecom))

IT Consulting Services Market by Geographical Analysis: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Middle East & Africa, Egypt, South Africa, Israel, Turkey & GCC Countries

For More Query about the IT Consulting Services Market Report? Get in touch with us at: https://www.advancemarketanalytics.com/enquiry-before-buy/6525-global-it-consulting-services—procurement-market

The study is a source of reliable data on: Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this IT Consulting Services market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

Basic Questions Answered
*who are the key market players in the IT Consulting Services Market?
*Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the
*What are the regional growth trends and the leading revenue-generating regions for the IT Consulting Services Market?
*What are the major Product Type of IT Consulting Services?
*What are the major applications of IT Consulting Services?
*Which IT Consulting Services technologies will top the market in next 5 years?

Examine Detailed Index of full Research Study [email protected]: https://www.advancemarketanalytics.com/reports/6525-global-it-consulting-services—procurement-market

Table of Content

Chapter One: Industry Overview

Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis

Chapter Three: Production Market Analysis

Chapter Four: Sales Market Analysis

Chapter Five: Consumption Market Analysis

Chapter Six: Production, Sales and Consumption Market Comparison Analysis

Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis

Chapter Eight: Competition Analysis by Players

Chapter Nine: Marketing Channel Analysis

Chapter Ten: New Project Investment Feasibility Analysis

Chapter Eleven: Manufacturing Cost Analysis

Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Buy the Full Research report of Global IT Consulting Services [email protected]: https://www.advancemarketanalytics.com/buy-now?format=1&report=6525

Thanks for practicing this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Thu, 28 Jul 2022 20:22:00 -0500 Newsmantraa en-US text/html https://www.digitaljournal.com/pr/it-consulting-services-market-may-see-a-big-move-fujitsu-ibm-gartner
Killexams : IBM earnings show solid growth but stock slides anyway

IBM Corp. beat second-quarter earnings estimates today, but shareholders were unimpressed, sending the computing giant’s shares down more than 4% in early after-hours trading.

Revenue rose 16%, to $15.54 billion in constant currency terms, and rose 9% from the $14.22 billion IBM reported in the same quarter a year ago after adjusting for the spinoff of managed infrastructure-service business Kyndryl Holdings Inc. Net income jumped 45% year-over-year, to $2.5 billion, and diluted earnings per share of $2.31 a share were up 43% from a year ago.

Analysts had expected adjusted earnings of $2.26 a share on revenue of $15.08 billion.

The strong numbers weren’t a surprise given that IBM had guided expectations toward high single-digit growth. The stock decline was attributed to a lower free cash flow forecast of $10 billion for 2022, which was below the $10 billion-to-$10.5 billion range it had initially forecast. However, free cash flow was up significantly for the first six months of the year.

It’s also possible that a report saying Apple was looking at slowing down hiring, which caused the overall market to fall slightly today, might have spilled over to other tech stocks such as IBM in the extended trading session.

Delivered on promises

On the whole, the company delivered what it said it would. Its hybrid platform and solutions category grew 9% on the back of 17% growth in its Red Hat Business. Hybrid cloud revenue rose 19%, to $21.7 billion. Transaction processing sales rose 19% and the software segment of hybrid cloud revenue grew 18%.

“This quarter says that [Chief Executive Arvind Krishna] and his team continue to get the big calls right both from a platform strategy and also from the investments and acquisitions IBM has made over the last 18 months,” said Bola Rotibi, research director for software development at CCS Insight Ltd. Despite broad fears of a downturn in the economy, “the company is bucking the expected trend and more than meeting expectations,” she said.

Software revenue grew 11.6% in constant currency terms, to $6.2 billion, helped by a 7% jump in sales to Kyndryl. Consulting revenue rose almost 18% in constant currency, to $4.8 billion, while infrastructure revenue grew more than 25%, to $4.2 billion, driven largely by the announcement of a new series of IBM z Systems mainframes, which delivered 69% revenue growth.

With investors on edge about the risk of recession and his potential impact on technology spending, Chief Executive Arvind Krishna (pictured) delivered an upbeat message. “There’s every reason to believe technology spending in the [business-to-business] market will continue to surpass GDP growth,” he said. “Demand for solutions remains strong. We continue to have double-digit growth in IBM consulting, broad growth in software and, with the z16 launch, strong growth in infrastructure.”

Healthy pipeline

Krishna called IBM’s current sales pipeline “pretty healthy. The second half at this point looks consistent with the first half by product line and geography,” he said. He suggested that technology spending is benefiting from its leverage in reducing costs, making the sector less vulnerable to recession. ”We see the technology as deflationary,” he said. “It acts as a counterbalance to all of the inflation and labor demographics people are facing all over the globe.”

While IBM has been criticized for spending $34 billion to buy Red Hat Inc. instead of investing in infrastructure, the deal appears to be paying off as expected, Rotibi said. Although second-quarter growth in the Red Hat business was lower than the 21% recorded in the first quarter, “all the indices show that they are getting very good value from the portfolio,” she said. Red Hat has boosted IBM’s consulting business but products like Red Hat Enterprise Linux and OpenShift have also benefited from the Big Blue sales force.

With IBM being the first major information technology provider to report results, Pund-IT Inc. Chief Analyst Charles King said the numbers bode well for reports soon to come from other firms. “The strength of IBM’s quarter could portend good news for other vendors focused on enterprises,” he said. “While those businesses aren’t immune to systemic problems, they have enough heft and buoyancy to ride out storms.”

One area that IBM has talked less and less about over the past few quarters is its public cloud business. The company no longer breaks out cloud revenues and prefers to talk instead about its hybrid business and partnerships with major public cloud providers.

Hybrid focus

“IBM’s primary focus has long been on developing and enabling hybrid cloud offerings and services; that’s what its enterprise customers want, and that’s what its solutions and consultants aim to deliver,” King said.

IBM’s recently expanded partnership with Amazon Web Services Inc. is an example of how the company has pivoted away from competing with the largest hyperscalers and now sees them as a sales channel, Rotibi said. “It is a pragmatic recognition of the footprint of the hyperscalers but also playing to IBM’s strength in the services it can build on top of the other cloud platforms, its consulting arm and infrastructure,” she said.

Krishna asserted that, now that the Kyndryl spinoff is complete, IBM is in a strong position to continue on its plan to deliver high-single-digit revenue growth percentages for the foreseeable future. Its consulting business is now focused principally on business transformation projects rather than technology implementation and the people-intensive business delivered a pretax profit margin of 9%, up 1% from last year. “Consulting is a critical part of our hybrid platform thesis,” said Chief Financial Officer James Kavanaugh.

Pund-IT’s King said IBM Consulting “is firing on all cylinders. That includes double-digit growth in its three main categories of business transformation, technology consulting and application operations as well as a notable 32% growth in hybrid cloud consulting.”

Dollar worries

With the U.S. dollar at a 20-year high against the euro and a 25-year high against the yen, analysts on the company’s earnings call directed several questions to the impact of currency fluctuations on IBM’s results.

Kavanaugh said these are unknown waters but the company is prepared. “The velocity of the [dollar’s] strengthening is the sharpest we’ve seen in over a decade; over half of currencies are down-double digits against the U.S. dollar,” he said. “This is unprecedented in rate, breadth and magnitude.”

Kavanaugh said IBM is more insulated against currency fluctuations than most companies because it has long hedged against volatility. “Hedging mitigates volatility in the near term,” he said. “It does not eliminate currency as a factor but it allows you time to address your business model for price, for source, for labor pools and for cost structures.”

The company’s people-intensive consulting business also has some built-in protections against a downturn, Kavanaugh said. “In a business where you hire tens of thousands of people, you also churn tens of thousands each year,” he said. “It gives you an automatic way to hit a pause in some of the profit controls because if you don’t see demand you can slow down your supply-side. You can get a 10% to 20% impact that you pretty quickly control.”

Photo: SiliconANGLE

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Mon, 18 Jul 2022 12:15:00 -0500 en-US text/html https://siliconangle.com/2022/07/18/ibm-earnings-show-solid-growth-stock-slides-anyway/
Killexams : Airport Market 2022 Segmentation Analysis, Key Players, Industry Share, and Forecast by 2030

The MarketWatch News Department was not involved in the creation of this content.

Aug 01, 2022 (Heraldkeepers) -- Market Research Engine has published a new report titled as "Airport Market Size By Application (Landside, Airside, Terminal Side), By End User (Implementation, Upgrades & Services), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2026 - Executive Data Report."

Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions

Browse Full Report:https://www.marketresearchengine.com/airport-market

The report covers:

Global Airport market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Airport market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Airport market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
Reasons to Buy this Report:

Gain detailed insights on the Airport industry trends
Find complete analysis on the market status
Identify the Airport market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making
Market Insights

The global Airport market Based on Application the global Airport market is segmented in Landside, Airside, and Terminal Side. Based on End User the global Airport market is segmented in Implementation and Upgrades & Services.

The global Airport market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Airport market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Cisco Systems Inc., IBM Corporation, Collins Aerospace, Honeywell International Inc., Sabre Corp., and others are among the major players in the global Airport market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Airport Market has been segmented as below:

Airport Market, By Application

Landside
Airside
Terminal Side
Airport Market, By End User

Implementation
Upgrades & Services
Airport Market, By Region

North America
Europe
Asia-Pacific
Rest of the World
Report Scope:

The global Airport market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Airport market share. Major industry players with significant revenue share include Cisco Systems Inc., IBM Corporation, Collins Aerospace, Honeywell International Inc., Sabre Corp., and others.

Request trial Report from here:https://www.marketresearchengine.com/airport-market

Table of Contents:

1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders

2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis

3. Executive Summary

4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis

5. Airport Market, By Application
5.1 Introduction
5.2 Landside
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Airside
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Terminal Side
5.4.1 Market Overview
5.4.2 Market Size and Forecast

6. Airport Market, By End User
6.1 Introduction
6.2 Implementation
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Upgrades & Services
6.3.1 Market Overview
6.3.2 Market Size and Forecast

7. Airport Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Airport, By Application
7.2.2 North America Airport, By End User
7.3 Europe
7.3.1 Europe Airport, By Application
7.3.2 Europe Airport, By End User
7.4 Asia-Pacific
7.4.1 Asia-Pacific Airport, By Application
7.4.2 Asia-Pacific Airport, By End User
7.5 Rest of the World
7.5.1 Rest of the World Airport, By Application
7.5.2 Rest of the World Airport, By End User

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https://www.marketwatch.com/press-release/deception-technology-market-2022-size-demand-outlook-trends-revenue-future-growth-opportunities-till-2030-2022-07-28

https://www.marketwatch.com/press-release/deep-learning-market-analysis-and-business-outlook-2021-to-2031-2022-07-28

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Killexams : AI Tech Stocks and the Growing Implementation in the Sports Market

Vancouver, Kelowna and Delta, British Columbia--(Newsfile Corp. - July 21, 2022) - Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) stocks releases a sector snapshot looking at the growing AI tech implementation in the sports market, featuring AI innovator GBT Technologies Inc. (OTC Pink: GTCH).

Read the full article at Investorideas.com

As with so many other sectors, the sports industry is seeing increasing penetration of Artificial Intelligence (AI) related technologies as aspects of the medium become more and more digitized. A recently published report from Vantage Market Research finds that the global market for AI in Sports is projected to grow from $1.62 billion USD in 2021 to $7.75 billion by 2028, registering a compound annual growth rate (CAGR) of 29.7 percent in the forecast period 2022-28. According to a market synopsis from the report, AI is being leveraged by a number of firms to track player performance, Boost the player's health, and to Boost sports planning.

One such firm is GBT Technologies Inc. (OTC Pink: GTCH), an early stage technology developer in IoT and Artificial Intelligence (AI) Enabled Mobile Technology Platforms, which recently completed phase one of its intelligent soccer analytics platform through its 50 percent-owned joint venture GBT Tokenize Corp. (GTC). Given the internal codename of smartGOAL, the platform is "an intelligent, automatic analytics and prediction system for soccer game's results," which works by analyzing and predicting "possible outcomes of soccer games results according to permutations, statistics, historical data, using advanced mathematical methods and machine learning technology." GBT's CTO, Danny Rittman, explained:

"Considering the popularity of the game in the present world, we believe organizations will be interested in prediction systems for the better performance of their teams. As interesting as it may seem, prediction of the results of a soccer game is a very hard task and involves a large amount of uncertainty. However, it can be said that the result of football is not a completely random event, and hence, we believe a few hidden patterns in the game can be utilized to potentially predict the outcome. Based on the studies of numerous researchers that are being reviewed in our study as well as those done in the previous years, one can say that with a sufficient amount of data an accurate prediction system can be built using various machine learning algorithms. While each algorithm has its advantages and disadvantages, a hybrid system that consists of more than one algorithm can be made with the goal of increasing the efficiency of the system as a whole. There also is a need for a comprehensive dataset through which better results can be obtained. Experts can work more toward gathering data related to different leagues and championships across the globe which may help in better understanding of the prediction system. Moreover, the distinctive characteristics of a soccer player, as well as that of the team, can also be taken into consideration while predicting as this may produce a better result as compared to when all the players in a game are treated to be having an equal effect on the game. The more information the system is trained with, we believe the more accurate the predictions and analysis will be. One of our joint venture companies, GTC, aimed to evaluate machine learning-driven applications in various fields, among them are entertainment, media and sports. We believe smartGOAL is an intelligent application that has the ability to change the world's soccer field when it comes to analytics and game score predictions."

Elsewhere, Amazon Web Services (AWS), a subsidiary of tech giant Amazon announced a collaboration with Maple Leaf Sports & Entertainment (MLSE), a sports and entertainment company that owns a host of Toronto-based sports franchises, to innovate the creation and delivery of "extraordinary sports moments and enhanced fan engagement." This will see MLSE utilize AWS AI, machine learning (ML), and deep learning cloud services to support their teams, lines of business, and how fans connect with each other and experience games. Humza Teherany, Chief Technology & Digital Officer at MLSE, commented:

"We built Digital Labs at MLSE to become the most technologically advanced organization in sport. As technology advances and how we watch and consume sports evolves, MLSE is dedicated to creating solutions and products that drive this evolution and elevate the fan experience. We aim to offer new ways for fans to connect digitally with their favorite teams while also seeking to uncover digital sports performance opportunities in collaboration with our front offices. With AWS's advanced machine learning and analytics services, we can use data with our teams to help inform areas such as: team selection, training and strategy to deliver an even higher caliber of competition. Taking a cloud-first approach to innovation with AWS further empowers our organization to experiment with new ideas that can help our teams perform their very best and our fans feel a closer connection to the action."

Similarly, IBM, the "Official Technology Partner of The [tennis] Championships for the past 33-years, has recently, alongside the All England Lawn Tennis Club, unveiled "new ways for Wimbledon fans around the world to experience The Championships digitally, powered by artificial intelligence (AI) running on IBM Cloud and hybrid cloud technologies." Kevin Farrar, Sports Partnership Leader, IBM UK & Ireland, explained:

"The digital fan features on the Wimbledon app and Wimbledon.com, beautifully designed by the IBM iX team and powered by AI and hybrid cloud technologies, are enabling the All England Club to immerse tennis lovers in the magic of The Championship, no matter where they are in the world. Sports fans love to debate and we're excited to introduce a new tool this year to enable that by allowing people to register their own match predictions and compare them with predictions generated by Match Insights with Watson and those of other fans."

Another firm cited in the Vantage Market Research report on AI in Sports was sports performance tech firm Catapult Group International Limited, who recently reported a multi-year deal with the German Football Association (DFB-Akademie) to "capture performance data via video, track athlete performance via wearables, and Boost the analysis infrastructure at all levels of the German National Football Teams." Will Lopes, CEO of Catapult, commented:

"We strive every day to unleash the potential of every athlete and team, and we're proud to partner with the prestigious German Football Association to fulfill that ambition. We're looking forward to partnering with the DFB to unlock what even the best coaches in the world cannot see on film or from the sidelines. This technology will empower athletes at all levels with data and insights to perform at their best."

With the seemingly inexorable tendency toward digitization in the presentation and analysis of sports, the accompanying use of AI-related technologies seems equally inevitable as is already borne out by current industry trends.

For a list of artificial intelligence stocks on Investorideas.com visit here.

About GBT Technologies Inc.

GBT Technologies, Inc. (OTC Pink: GTCH) ("GBT") (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: GTCH is a paid featured monthly AI stock on Investorideas.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Killexams : Kyndryl Holdings, Inc. (KD) CEO Martin Schroeter on Q1 2023 Results - Earnings Call Transcript

Kyndryl Holdings, Inc. (NYSE:KD) Q1 2023 Earnings Conference Call August 4, 2022 8:30 AM ET

Company Participants

Lori Chaitman - Global Head of Investor Relations

Martin Schroeter - Chairman and Chief Executive Officer

David Wyshner - Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang - JPMorgan

Operator

Good morning, and welcome to the Kyndryl First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

I will now turn the call over to Lori Chaitman, Global Head of Investor Relations at Kyndryl. You may begin.

Lori Chaitman

Good morning, everyone, and welcome to Kyndryl's Earnings Call for the Quarter Ended June 30, 2022, the first quarter of our new fiscal year.

Before we begin, I'd like to remind everyone that our remarks today will include forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied, and these statements speak only to our expectations as of today. For more details on some of these risks, please see the Risk Factors section of our annual report on Form 10-K for the year ended December 31, 2021.

Kyndryl does not update forward-looking statements and disclaims any obligation to do so. In today's remarks, we will also refer to certain non-GAAP financial measures. Corresponding GAAP measures and a reconciliation of non-GAAP measures to GAAP measures for historical periods are provided in the presentation materials for today's event, which are available on our website at investor.kyndryl.com.

With me here today are Kyndryl's Chairman and Chief Executive Officer, Martin Schroeter; and Kyndryl's Chief Financial Officer, David Wyshner. Following our prepared remarks, we will hold a Q&A session.

I'd now like to turn it over to our Chairman and CEO, Martin Schroeter. Martin?

Martin Schroeter

Thank you, Lori, and thanks to each of you for joining us today. I am enthusiastic about our momentum and proud of what the team has accomplished over the last 3 months. On today's call, we'll share Kyndryl's quarterly results and update you on our progress. I'll discuss our strategy and how we're executing on our 3 As initiatives, alliances, advanced delivery and accounts, which are driving us toward profitable growth. Then David will provide more detail on our first quarter financial results, reaffirm our fiscal 2023 outlook and linked our recent progress to our financial goals.

It's been nine months since Kyndryl became an independent publicly traded company, and I am just as excited today about the opportunity ahead as I was on day 1. As you can imagine, there's never a no moment post-spin. There's plenty of work to do to transition internal processes, build the new culture and seize market opportunities. For those of you who are new to the Kyndryl story, prior to our spin-off last November, we operated largely as a captive services provider, focused on supporting the products and technologies that IBM offered to its customers. Today, we are the world's largest IT infrastructure services company designing, managing and modernizing complex mission-critical systems at scale for some of the world's largest organizations.

I'm proud of how quickly we're charting a new course to better serve our customers through our new alliances with a range of top-tier technology providers and enhancements of our services delivery driven by upskilling and automation fueled by data, IP and best practices. Our new freedom of action has given us the opportunity to be part of a much larger and growing ecosystem that really matters to our customers, expanding our addressable market from about $240 billion to $415 billion and growing. By 2024, this IT services market is expected to grow to about $510 billion.

Our expanded collaborations with leading technology providers are making us more relevant to our customers and allowing us as their long-standing trusted IT partner to support and accelerate our customers' digital journeys in cloud, security, data and intelligent automation with a multi-vendor strategy. Equally important with our independence, we can now invest in our business to create new capabilities deliver them at scale by gaining certifications and credentials for our already skilled technologists and thereby, grow our share of wallet with our existing customers.

Through our six practices, we can now meet needs that our customers have been asking us to meet for years in areas that we were previously prevented from serving. We're solidifying our position as a leading global provider of IT infrastructure services. We continue to generate twice as much infrastructure services revenue as anyone else and are uniquely focused on this sector of the market.

Our customers trust us to manage their most critical systems and we do it with the highest level of quality. I am really proud of our delivery teams. They continue to produce top-tier Net Promoter Scores generally north of plus 50. We continue to meet more than 99.7% of our service level agreement threshold with the June quarter being another quarter of above-target performance. We're pleased to have been named a leader in Gartner's Magic Quadrant for Managed Mobility Services and to be recognized as 1 of only 4 industry engineering specialists and integrators in Gartner's recent report on 4G and 5G networking. Our NPS and SLA metrics, along with a growing list of external accolades highlight the world-class nature of our offerings. There are significant opportunities in front of us, and we understand that the macroeconomic environment is on many people's minds right now.

At Kyndryl, we run mission-critical IT systems, the hearts and lungs of our customers' operations, including global banking organizations, airline reservation systems, mobile networks and industrial supply chains. The essential nature of our business provides us some natural insulation to macro factors. In addition, our 3 As initiatives gives us a substantial opportunity that are specific to us and independent of the broader economy. Executing on these initiatives will deliver the benefits we need to strengthen our overall business performance and unlock substantial value for our customers, our employees and our stockholders alike.

A key enabler of our strategy has been the rapid build-out of our technology alliances and capabilities. Between November and March, we signed new collaborations with all 3 cloud hyperscalers, Amazon Web Services, Google Cloud and Microsoft Azure as well as many other leading technology companies. Since year-end, we've increased our cloud-related certifications by 36%, bringing our total to nearly 22,000 and giving us more capabilities to deliver cloud services.

This quarter, we've expanded or established new partnerships with Cisco, Five9, NetApp, Oracle, Red Hat, SAP and Veritas, continuing the theme of Kyndryl aligning with other top-tier technology providers now that we're independent. Customers are seeing how quickly we're leveraging these relationships, and they're now asking us to help them migrate a portion of their workloads to the cloud manage their explosive growth in data, integrate legacy and new technologies from multiple partners and address their urgent need for cybersecurity and resiliency. It is remarkable to see how fast our relationships are expanding.

One example of this is a global bank, where we have a nearly 20-year business relationship. We run mission-critical systems and the infrastructure behind their systems of record. Our relationship began in the early 2000s with traditional data center outsourcing for 1 of their divisions, including mainframe services work. The scope of our work has expanded over time across geographies and divisions. Most recently though, we not only extended our contract tied to legacy systems, we also added hyperscaler cloud work. And beyond that, the integration required to make sure the bank is running the right workload on the right platform. We're now supporting our customer across their architecture, data and application security, resiliency and systems innovation.

We're adding value as a trusted strategic partner that has the technology expertise to meet their complex evolving multifaceted needs. And at the same time, we're driving profitable revenue growth for our business as we increase our services revenue from this customer. This example is just 1 of the many that have been either executed already or are in the works across a range of industries, geographies and customer needs.

Back in February, we committed to sharing our progress on our 3 As initiatives. As a reminder, we provided targets of at least $1 billion in signings tied to hyperscaler alliances this fiscal year, $200 million in annualized cost savings from advanced delivery by year-end and $200 million of annualized pretax benefit from our accounts initiative. I am pleased with the progress we've made in such a short period of time on our 3 As, and we're on track to deliver on our fiscal 2023 milestones for each of these initiatives.

In our Alliance initiative, we generated $235 million of hyperscale-related signings in the quarter, putting us on track to achieve our $1 billion annual target. We're increasingly going to market with hyperscalers to seamlessly meet customers' needs. As a Microsoft Azure expert managed service provider and premier partner with both AWS and Google, we have immediate credibility as well as unique knowledge of our customers' existing infrastructure and workloads. And the pace at which we've built our team certifications, credentials and capabilities puts us in a position to provide the top-tier levels of service that customers have come to expect from Kyndryl. This is demonstrated by another strong quarter of signings growth in advisory and implementation services, which were up 27% in constant currency compared to last year.

We are using our new technology partners to grow our share of wallet with existing customers. In our advanced delivery initiative, we're investing in high intelligent automation and new ways of working, which frees up our people to be reskilled and redeployed to in-demand opportunities. This quarter, we expanded our proprietary delivery automation tooling to run more than 24 million automation events a month, more than double where we were a year ago. This significantly increases the level of service and resiliency we provide to our customers.

In the process, we freed up more than 1,900 of our people to serve new revenue streams and backfill attrition. When we free up people, we're increasing our productivity and the associated cost savings are running at an annualized rate of $100 million as of quarter end, equal to half our fiscal 2023 year-end objective. And at the same time, we're creating new opportunities for our people and reducing the extent to which we need to hire external talent.

In our accounts initiative, we are directly engaging with our customers where we're not generating an adequate return on the efforts and capital we're expending. The response from customers has been positive, and a number of them have already expanded our scope of delivery services, capitalizing on our broader ecosystem and new capabilities. In some cases, we're optimizing our cost basis through automation and greater standardization, while in other cases where we are near contract expiration we have the opportunity to discuss pricing or agree that Kyndryl will exit elements of work that are unprofitable for us.

Our engagement efforts so far resulted in a meaningful increase in the projected margins associated with these accounts reflecting our focus on signing profitable business. In the June quarter, we're already realizing pretax benefits at a rate of roughly $52 million a year, putting us on track to achieve our $200 million year-end run rate goal. The momentum we're demonstrating in our 3 As initiatives is driving us towards the strategic objectives we laid out last year, transforming Kyndryl to operate across a broader technology ecosystem, evolving our business mix, returning to revenue growth and expanding our margins. We're operating differently with the new mission and value proposition.

As we execute on our 3 As initiatives, we more forcefully to strengthen the margin profile of our business and progress toward our goal to return to profitable revenue growth in calendar year 2025, we will unlock substantial value. We'll continue building a culture that is flat, fast and focused on customer success, and we'll continue positioning Kyndryl to be the employer of choice and the partner of choice for customers and technology partners alike.

Now with that, I'll hand over to David to take you through our results and our outlook.

David Wyshner

Thanks, Martin, and hello, everyone. Today, I'd like to discuss our quarterly results, our balance sheet and liquidity and our outlook. Our financial results for the quarter ended June 30, our fiscal first quarter were in line with our expectations and position us to achieve the full year targets we laid out in May.

In the quarter, we generated revenue of $4.3 billion, which represents only a 2% decline in constant currency from our pro forma results a year ago. This includes 2 points of revenue growth we picked up from pass-through revenues related to our former parent. Because most of our revenue in any given quarter is the product of contracts signed over the prior several years, our revenue decline reflects the continuing effects of having been operated as a captive subsidiary of IBM prior to our spin off, not the future potential of our business.

Adjusted EBITDA in the quarter was $491 million. This represents an adjusted EBITDA margin of 11.4%. On a year-over-year basis, our adjusted EBITDA margin was down primarily due to the decline in revenue, a currency headwind of 60 basis points and a 50 basis point impact from some of our software licenses being treated as a subscription rather than a prepaid and amortized expense.

Notably, our gross margin increased 60 basis points sequentially from our March quarter to our June quarter. This is a better reflection of the operational progress we're making. Adjusted pretax loss was $50 million, which is sequentially consistent with our March quarter results and down year-over-year, primarily due to lower revenue and $48 million in currency headwinds. Among our geographic segments, we delivered year-over-year constant currency revenue growth in our Japan and strategic market segments and our strongest margins were in Japan and the United States. Changes in how various IBM-related costs are hitting each of our segments under our new commercial agreement with IBM complicate year-over-year margin comparisons by segment.

We address our customers' needs not only through our geographic operating segments, but also through our 6 global practices, cloud, applications data and AI, security and resiliency, network and edge, digital workplace and core enterprise. Our business mix is evolving to reflect demand with nearly 80% of our signings coming from cloud, apps data and AI, security and other growth areas and only 20% from core enterprise and zCloud. More importantly, our adjusted quarterly results were very much in line with our expectations.

Turning to our cash flow and balance sheet. Our adjusted free cash flow was negative $32 million in the quarter. We've provided a bridge from our Q1 adjusted pretax loss of $50 million to our free cash flow. Our gross capital expenditures in the quarter, including some CapEx due to our separation were $213 million, and we received $7 million of proceeds from asset dispositions. Working capital and other didn't contribute to cash flow in the quarter, but this is an opportunity for us for the year as a whole.

Our financial position remains strong. Our cash balance at June 30 was $1.9 billion, which reflects both the decline in the dollar value of our international cash and our use of $65 million for transaction-related payments. Our cash balance, combined with available debt capacity under committed borrowing facilities gave us $5 billion of liquidity at quarter end. Our debt maturities are well laddered from late 2024 to 2041. We had no borrowings outstanding under our revolving credit facility, and our net debt at quarter end was $1.3 billion. As a result, our net leverage sits well within our target range. We are rated investment grade by both Moody's and S&P and to add to that on Tuesday, which announced that they rate us as investment grade as well.

As we think about capital allocation, our top priorities are to maintain strong liquidity, remain investment grade and reinvest in our business. As we've said before, we view being investment grade as a commercial imperative given the importance of this to our customers. And because of the spin-related cash outlays we have in front of us, most of the free cash flow we'll generate this year is, in many ways, already spoken for.

As Martin mentioned, we're making rapid progress on our 3 As initiatives. Our momentum supports our expectation that over the medium term, our alliances initiative will drive signings, revenue and over time, roughly $200 million in annual pretax income. Our advanced delivery initiative will drive cost savings equating over time to roughly $600 million in annual pretax income and our accounts initiative will drive annual pretax income of $800 million. We're also pursuing growth in advisory and implementation services and among our global practices, which is incremental to the benefits coming from our 3 As initiative, and we see opportunities to control expenses throughout our business.

We expect that these efforts over time will contribute roughly $400 million in annual pretax income. Sometimes investors ask us what the market doesn't fully appreciate about the Kyndryl story? Here's 1 item I'd like to highlight from a financial perspective. We're a company that generated $134 million in pro forma adjusted pretax income last year, which has tangible plans to drive $2 billion of contribution to our annual pretax income over the medium term. The magnitude of the earnings growth opportunity we're tackling is a big deal and will be a foundational source of value creation for Kyndryl. I hope that margins update on our progress on these initiatives gives you confidence in our eagerness and ability to seize this enormous opportunity.

In light of the progress we're making on our key initiatives and in our business generally, we're reaffirming the fiscal 2023 earnings guidance we provided in May, and are updating our revenue forecast solely to reflect movements in exchange rates. In particular, we continue to expect to drive double-digit constant currency growth in signings in fiscal '23 compared to calendar year 2021. Consistent with the outlook we shared in May, we continue to expect our revenue to decline 3% to 4% in constant currency compared to the 12 months ended March 2022 and 4% to 6% in constant currency compared to fiscal 2021. With the dollar having continued to strengthen, this guidance now implies revenue of $16.3 billion to $16.5 billion this fiscal year.

Our outlook continues to be for our adjusted pretax margin to be in the range of 0% to 1%. This is consistent with our 2020 and 2021 pro forma results despite 120 basis points of expected currency headwinds this year, and we continue to expect our adjusted EBITDA margin to be 13% to 14% in fiscal 2023. As Martin mentioned, we believe demand for IT infrastructure services is largely insulated from broader macroeconomic trends. And to date, we have not seen any significant changes in our customers' approach.

Digital transformation and procuring talent, best practices and global scale continue to be important to large organizations. Let me comment on a few other macro factors that investors often ask about. First, while services demand feels solid, general price inflation is driving wage inflation. We've been doing well in terms of attracting and retaining the people we need, but higher prices and big headline inflation figures are impacting the salaries that existing employees and new hires expect.

We're also seeing inflationary pressures in other areas, especially in energy costs, but our contracts typically contain inflation protection mechanisms that mitigate the effects of rising costs. Second, currency movements are having an unusually pronounced impact this year, affecting not only the value of our foreign earnings, but also the dollar value of international cash and our margins since the compensation of our costs often differs from the currencies in which we source our revenues. Our hedging strategies and mitigating actions are helping us offset inflation and currency pressure. The currency alone is having a $200 million negative impact on our projected pretax earnings growth this year.

From a cash flow perspective, we continue to target about $750 million of gross capital expenditures and $700 million of net capital expenditures compared to about $900 million of depreciation expense. As a reminder, there is some seasonality in our revenues and margins with the October to December quarter typically being the strongest. While our results in our September quarter should be broadly similar to our June quarter, we see our full year margins being higher than our Q1 margins because of the favorable December quarter seasonality and the ramping of benefits from our 3 As initiatives.

Over the medium term, we remain committed to returning to revenue growth by calendar 2025, delivering margin expansion and driving free cash flow growth. We have a solid game plan to drive our progress, and this game plan starts with the steps we've already taken to expand our technology partnerships and with the meaningful initiatives we're implementing this year. Separately, we've gotten a number of questions, comments and [WOWS] from investors about 1 particular slide we published in May. This slide that provides a breakdown between our margin-challenged focus accounts in the rest of our business.

As this slide highlighted, our aggregate results masked the fact that within Kyndryl we have a strong $10 billion business, which we refer to as a blueprint for how we want to operate. This blueprint consists of accounts that represent about 60% of our revenue, generate average gross margins north of 20% and reflect our ability to get paid appropriately for the mission-critical services we provide. This blueprint is most of what we do and a source of stockholder value hiding in plain sight. And the reason that this value is underappreciated is our other roughly $8 billion of focused accounts revenue. This revenue stream generates virtually no gross margin and after SG&A expenses is losing money.

Our accounts initiative is all about the opportunity to make our focus accounts look more like the majority blueprint of our business over time by addressing elements of our customer relationships, that generate substandard margins. Over time, if we close even half of the gross margin gap between our focus accounts and our blueprint accounts, will generate the $800 million in incremental earnings that we've targeted from these accounts. That's why our accounts initiative is a major priority for us.

As Martin highlighted, in the June quarter, pretax margins associated with new signings tied to our focus accounts were up meaningfully. Since the beginning of the year, the overall pretax margin of our signings has been in the mid- to -high single digits. What that means is that of our P&L for the next few quarters reflected only our recently signed deals we'd be operating at mid- to high single-digit adjusted pretax margins, not the 0% to 1% margin generated largely by our pre-spin legacy signings.

In fact, even though our signings were down year-over-year in the June quarter when measured based on revenue, the gross profit we expect to generate over the next year from our June quarter signings is up year-over-year and its gross profit and then pretax profit that we're most focused on.

In closing, as an independent company, we're solidifying our position as a cost-effective gold standard provider of essential IT services. We're advancing towards the fiscal 2023 earnings targets we laid out in May. We're also executing on the strategies and initiatives that will drive longer-term progress, future growth and stronger earnings in our business. I'm particularly enthusiastic about our strong progress on our 3 As initiatives and the margins our recent signings will generate. Compared to our P&L, our tangible progress in these areas better exemplifies our potential are zeal to transform our business in our drive to create stockholder value.

With that, let me turn things back to Martin.

Martin Schroeter

Thanks, David. Before we turn to Q&A, let me remind you why we're so enthusiastic about Kyndryl's future. As an independent company, we are seizing our now larger market opportunity, bringing incremental and differentiated value to customers and focusing on driving profitable growth. We're committed to investing in our business, and we'll continue extending relationships with our ecosystem partners and customers. We are a trusted partner with tremendous expertise, experience and scale. And as technology continues to evolve, our customers look to Kyndryl to keep them operating efficiently and ahead of the technology curve.

Our 3 As initiatives will deliver substantial benefits. We have the financial flexibility to execute our growth strategy to invest in our people and to create a winning culture, a culture that will create significant value for our employees, our customers and our stockholders.

With that, David and I look forward to your questions.

Question-and-Answer Session

Operator

[Operator Instructions] We will take our first question from Tien-Tsin Huang from JPMorgan.

Tien-Tsin Huang

Okay. Great. Appreciate the enthusiasm, definitely came through on the call. I wanted to ask, I suppose, on signings, if that's okay. I'm curious about sort of visibility there and timing of revenue conversion, et cetera. Have you observed any changes? And I know you talked about double-digit signings growth looking ahead. So hence, the visibility question?

Martin Schroeter

Tien-Tsin, and thanks for joining the call. Look, a few things I'd say, first, obviously, our confidence in growing signings double digit this year stems from the pipeline that we're looking at. And we've got a terrific pipeline. We see it in the parts of our business where we're really focused, such as our A&IS business, which grew quite well this quarter as it did the prior quarter, such as the progress we're making with our hyperscale alliance partners. So we feel great about the pipeline but as you also know, we're really focused on the margin profile of these.

And as David noted, we -- the gross profit dollars, for instance, in the signings from just this most recent quarter, the gross profit dollars in the next year also grow within that signings pool. So while the overall signings for that short period, the 90 days, we're down, the gross profit dollars still provide us growth for the next 12 months, which again is our focus. So we feel really good about the pipeline. We feel really good about the teams executing in the areas that of our biggest focus, and we feel really good about the profit profile of what we're signing.

Now having said all that, look, when you're focused -- when one is focused on the quality of what you're signing and when one is really focused on making sure we get the right things into the backlog, that can elongate deal cycles that can elongate discussions with our customers. And look, we're okay because we want to get to the right signings -- the right signings profile, which we did in the most recent quarter, we did in the quarter prior to that.

So we see a great pipeline of the kinds of quality deals and the kinds of quality revenue streams to go into the backlog as evidenced again by the gross profit over the next year or as evidenced again by the margin profile. And David commented, I did as well in the prepared remarks, we both commented on the pretax margin profile of what's going into the backlog. So we feel good about the growth we see and -- probably more importantly, we feel really good about the quality and the profit profile of what's going in.

David Wyshner

And two things I just add related to the signings number. The June number -- the June quarter was a tough comp for us, we knew that going in because both of our two largest deals in calendar year 2021 fell in the June quarter, and those totaled more than $900 million. That created a tough comp for us. And obviously, we don't have that issue going forward. And then the second issue is that the December quarter is traditionally our biggest signings quarter. And as a result, how the second half of this calendar year plays out, particularly the December quarter ends up being a big driver of how we're going to get to double-digit signings growth for fiscal 2023.

Tien-Tsin Huang

I did have one, if you don't mind. I just want to ask on the gross margin since you mentioned it, we always like to look at gross margin as a proxy for contract execution pricing, labor costs, et cetera. So obviously, it sounds like that's doing well. There wasn't any unusual items there. But what about on the capital intensity side as well. Any change to consider there, especially as we think about cash flow conversion for the rest of the year?

David Wyshner

Yes. I think we continue to see the business becoming less capital intensive. Our CapEx is underrunning depreciation, and we expect that to be the case probably even a bit more so than it was in the June quarter as we look out over the remainder of the year. In addition, I think the amount of cash we end up outlining for capitalized software and transition cost, startup cost is probably going to underrun our amortization as well this year, which should be helpful to free cash flow.

So again, as we move to more advisory work and strengthen the margin profile of the business that we're signing, we see less capital intensity as part of that and that should be helpful to free cash flow, not only in fiscal 2023, but also over the longer term.

Operator

We'll go next to Jamie Friedman from Susquehanna Financial Group.

Unidentified Analyst

This is Spencer on for Jamie. Congratulations on the results. It seems that year is already tracking ahead of plan in some key metrics. Is the guidance just conservative or are there other considerations we should be looking at?

David Wyshner

I think the -- I think we feel very good about the progress that we're making on a number of fronts, particularly the strategic fronts, the 3 As and the margin at which we're signing up business. And when you look at something like advanced delivery where we've already achieved half of our full year target for the benefits that we expect to generate, it's a time that we're making good progress.

I'm hesitant to characterize the guidance in 1 direction or another. But I would point out that while we're making really good progress on the strategic front and with the 3 As and with the partnerships that we have, we have also been facing currency headwinds and the amount of currency impact on our EBITDA and our pretax margin, we currently estimate is a bit more than we would have estimated 3 months ago because of the way exchange rates have moved over this period of time.

So when we're seeing progress on the strategic front in areas that we control some of the areas that are outside of our control, such as exchange rates are -- have been a little bit more of a challenge. So I really don't want to characterize the guidance one way or another.

Martin Schroeter

Once again, thanks, everyone, for joining us today. We're delighted with the significant progress we made this quarter, obviously, in our 3 As and then getting our business back to profitable growth. We remain very excited about the opportunity ahead. We do serve our customers' mission-critical needs with more capabilities than ever before. And quite frankly, the idiosyncratic nature of a lot of the opportunities we have to turn this business around and the progress we're making in those keep us energized and motivated to deliver. So thanks again for joining, and we'll talk to you after the next quarter.

Operator

This concludes today's Kyndryl quarterly earnings call and webcast. You may disconnect your line at this time, and have a wonderful day.

Sat, 06 Aug 2022 06:44:00 -0500 en text/html https://seekingalpha.com/article/4530846-kyndryl-holdings-inc-kd-ceo-martin-schroeter-on-q1-2023-results-earnings-call-transcript
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