This IT stock which is in the business of computer software and data processing services, surged upto 4 percent from the day’s low after the company received an order worth $3.2 Million for AI-based solutions.
Price Action
With a market capitalization of Rs. 1,336.77 Crores, the shares of Blue Cloud Softech Solutions Limited touched a price of Rs. 30.80 per equity share, up 4.4 percent from a day’s low of Rs. 29.50. The stock reiterated from the recent high and was trading at Rs. 30.50 which is 0.03 percent up from its previous day’s close price of Rs. 30.51.
The stock delivered a return of 3.37 percent and it has performed on par with the Nifty Index returns in the past year.
What Happened
The company’s stock was in focus after Blue Cloud Softech Solutions received an order worth $3.20 Million contract to provide its developed AI-based healthcare management solution (BlueHealth Comprehensive Healthcare Platform) to a prominent US Client.
The BlueHealth Platform is designed to help primary healthcare initiatives and features two main components such as Screener (Integrating Healthcare records, real-time monitoring, and analytics for primary healthcare programs) and a Scanner (efficient and real-time health parameter assessments).
Management Commentary
Commenting on securing the order, the Chairperson of Blue Cloud, Janaki Yarlagadda said “We are thrilled to bring the BluHealth Comprehensive Healthcare Platform to one of our esteemed clients in the United States. This landmark contract demonstrates our expertise in developing indigenous, AI-driven healthcare solutions that align with global needs while promoting transparency and efficiency in healthcare delivery.”
Further, she added “The BluHealth-Screener and BluHealth-Scanner are a testament to our focus on innovation and excellence. These tools redefine primary healthcare management by blending advanced AI algorithms with practical, health scanning capabilities.”
About the Company
This IT company is an AI-driven technology company that specializes in AI products, healthcare technology, cybersecurity, and cloud services. It provides customized digital solutions and holds a strong presence in the healthcare sector with AI-powered projects.
Financials
Its Revenue from operations declined by 12.52 percent year on year from Rs. 167.73 Crores in Q3FY24 to Rs. 146.72 Crores in Q3FY25, accompanied by a profit of Rs. 4.07 Crores to Rs. 9.40 Crores in the same period.
Written by Santhosh S
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