During Tuesday’s trading session, shares of a leading global technology company and Solution Provider hit a 2 percent upper circuit on BSE, after the company announced securing $9.36 million Coastal Surveillance Project from a US-based client.
With a market cap of Rs. 1,430 crores, the shares of Blue Cloud Softech Solutions Limited hit a 2 percent upper circuit at Rs. 32.78 on BSE, as against its previous closing price of Rs. 32.14. The stock has delivered negative returns of around 71 percent in one year, but has gained by over 45 percent in the last one month.
What’s the News
According to the latest regulatory filings with the BSE, Blue Cloud Softech Solutions Limited announced securing a contract worth $9.36 million through a US-based client. The project, spanning 18 months, involves the development and implementation of a customised coastal surveillance system to enhance security along the South American coastline.
This project highlights Blue Cloud’s expertise in delivering customised surveillance systems tailored to unique geographic and operational needs, integrating advanced AI, IoT, and cloud technologies to strengthen coastal security and enable proactive threat management.
This solution integrates advanced technologies, including CCTV surveillance, drones, and patrol trawlers, all seamlessly connected to a centralised Command and Control Centre (C3).
Once fully implemented, the system is expected to significantly boost coastal safety in South America. It will also further establish Blue Cloud Softech Solutions as a trusted global player in the defence and security technology space.
The global security and surveillance industry, valued at $17.23 billion in 2024, is projected to reach $36.85 billion by 2033, growing at a healthy CAGR of 8.8 percent, according to Business Research Insights.
Financials & more
Blue Cloud reported a decline in its revenue from operations, showing a year-on-year fall of around 14 percent from Rs. 213 crores in Q4 FY24 to Rs. 184 crores in Q4 FY25. In contrast, its net profit increased during the same period from Rs. 9 crores to Rs. 13 crores, representing a rise of around 44 percent YoY.
Blue Cloud Softech Solutions Limited is carrying on the business of designing & developing computer software, and marketing in India or abroad and providing data processing services of all kinds, including computer consultancy, systems analysis, programming and computer maintenance in India or abroad.
Written by Shivani Singh
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