The shares of one of the leading IT stocks, specializing in innovative AIoT solutions provider, in focus upon receiving a work order from a reputed concern in the United States worth US$ 3 Million
Price action
With a market capitalization of Rs. 1,122.41 crores on Tuesday, the shares of Blue Cloud Softech Solutions Limited hit a 5 percent lower circuit making a low of Rs. 34.38 per share compared to its previous closing price of Rs. 36.18 per share.
What Happened
Blue Cloud Softech Solutions Limited specializing in innovative AIoT solutions provider has secured a New business contract Major of US$ 3 Million from one of its esteemed clients in the USA.
The contract involves the deployment of SecureNode, a Mobile Device Management (MDM) platform developed in-house by BCSSL. SecureNode is designed to integrate and manage critical business infrastructure such as mobile delivery terminals, POS systems, inventory tracking, and secure network and device management.
As a fully indigenous solution, SecureNode offers strong cryptographic security, device and application listing, and end-to-end protection, ensuring seamless and secure operations. It provides real-time visibility, enhanced security, and operational intelligence, making it a transformative tool for the client’s technology-driven operations.
This achievement reinforces BCSSL’s position as a trusted provider of innovative and secure technology solutions on a global scale.
Management Commentary
Ms. Janaki Yarlagadda, Chairperson of Blue Cloud Softech Solutions Ltd emphasized the importance of Indigenous innovation in delivering global solutions: “SecureNode reflects the ingenuity and expertise of BCSSL in developing cutting-edge, secure, and scalable solutions tailored to client needs. It is a proud moment for BCSSL as we continue to expand our footprint in the global market while aligning with the Make-in-India initiative.
About the Company
Blue Cloud Softech Solutions Limited is an innovative AIoT solutions provider specializing in AI-based healthcare and technology products. With a commitment to delivering transformative solutions, BCS empowers businesses and communities through its cutting-edge technologies.
Financials
The company’s revenue rose by 202 percent from Rs 40.18 crore to Rs 121.38 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 0.77 crore to Rs 8.57 crore during the same period.
Written by Sridhar J
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