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Kyndryl Targets Industrial Sector to Outpace Economic Growth in Portugal

Kyndryl, the IT services giant spun off from IBM, is aiming for revenue growth of 4% to 6% in Portugal by 2026 — more than double the country's projected economic growth. The company is betting on the industrial sector to drive this performance, alongside a strong presence in financial and insurance sectors.

Operating with around 1,200 professionals across five competence centers in Lisbon, Porto, Viseu, Tomar, and Portalegre, Kyndryl currently serves 80 clients, including major names like Logoplaste, Mota-Engil, and Aquinos.

“In the last year we registered a 59% increase in total agreements signed, including new contracts, renewals, and extensions,” said José Manuel Paraíso, CEO of Kyndryl Portugal, in a statement to Jornal Económico. The company sees continued expansion in industrial services as key to surpassing national growth averages.