07:58 AM EST, 11/21/2024 (MT Newswires) -- Kyndryl Holdings Incorporation (KD) said Thursday it has authorized a $300 million share repurchase program.

Under the buyback program, which has no set expiration date, the company may repurchase shares in open market transactions as well as through other means.

Chairman and Chief Executive Martin Schroeter said the repurchase authorization reflects the company's expanding margins and free cash flow.