Now Reading: Blue Cloud Softech shares jump 10% on Rs 1,300 crore SpaceX order
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Blue Cloud Softech shares jump 10% on Rs 1,300 crore SpaceX order
Blue Cloud Softech shares jump 10% on Rs 1,300 crore SpaceX order
Blue Cloud Softech Solutions Ltd shares surged over 10% in early trade on August 10 after the company disclosed a Rs 1,300 crore contract from SpaceX International Ltd. The stock touched Rs…
The Story in Brief
Blue Cloud Softech Solutions Ltd shares surged over 10% in early trade on August 10 after the company disclosed a Rs 1,300 crore contract from SpaceX International Ltd. The stock touched Rs 21.82 on BSE, gaining Rs 2.08. In an exchange filing, the company said its wholly-owned US subsidiary Blue Cloud Softech Solutions Ltd-USA, signed a Statement of Work with SpaceX for a multi-year project.
The 18-month deal worth USD 150 million includes setting up GPU and AI accelerator clusters, MLOps infrastructure, a security operations centre, network management, data centre construction and disaster recovery services. Group chairman Tejesh Kumar Kodali said the agreement underscores the company's ability to deliver integrated AI, cybersecurity, telecom and data centre solutions to global clients.
The Indian Opinion
This news is being spun as proof of Indian IT firms breaking into global space-tech giants. But a single order worth Rs 1,300 crore for a company with modest revenues is not an overnight revolution. The real test will be in execution: how much of this $150 million commitment converts into actual cash flow? Until Blue Cloud reports its next quarterly earnings showing a jump in revenue and margins, treat the stock price surge as speculative frenzy, not a fundamental shift.
Source: bazaar.businesstoday.in
This story was synthesised by AI from the source linked above.
