Blue Cloud Softech Share Price Surges 17% on $15.5M IBM Deal
Blue Cloud Softech Solutions Ltd has seen its share price surge by 17.2% after securing an AI infrastructure deal worth ₹147 crore from IBM Cloud through its wholly owned US subsidiary, Global Impx Inc.
The project, which is valued at US$15.5 million, involves the development and deployment of AI infrastructure for enterprise AI and machine learning workloads in the US.
According to the terms of the deal, payment will be linked to five project milestones, with a fixed fee payable as the project progresses from initial stages to production go-live.
The engagement covers the design and deployment of AI infrastructure, including GPU compute clusters, high-performance storage and networking, AI and machine learning platforms, and Kubernetes-based orchestration.