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Order win▲ Bullish for Indian equities
Small-cap IT stock under ₹50 jumps 17% as US subsidiary gets AI project worth ₹147 crore
The brief
- Blue Cloud subsidiary GIX secured a $15.5 million IBM Cloud AI infrastructure services order
- The project was secured within three months of GIX joining
- The order may lift sentiment for Blue Cloud, though its Indian listing exposure is unclear
- The valuation war over ERP readiness
- BLUECLOUDS wins AI infra deal of USD 15.5M from IBM Cloud Inc.
- Intel CEO Invests In Ultraviolette, Joins As Adviser - US Launch Planned In 2027
Blue Cloud subsidiary wins IBM Cloud order
Blue Cloud Softech’s US subsidiary GIX secured a $15.5 million (about ₹147 crore) IBM Cloud order for AI infrastructure services. The project came within three months of GIX joining.
Friday, 25 September
- Small-cap IT stock under ₹50 jumps 17% as US subsidiary gets AI project worth ₹147 crore