Magellanic Cloud has informed that Motivity Labs Inc. a subsidiary of the company, has secured multiple Purchase Order (PO) from a Google LLC, amounting to approximately USD 1.21 million. This PO is expected to further drive the growth of Motivity Labs Inc. and significantly contribute to the increase in revenue for the company during the upcoming year. These engagements further strengthen Motivity Labs Inc.'s strategic relationship with Google LLC and are expected to enhance the Company's revenue visibility over the contract period. The awards also reaffirm Motivity Labs' capabilities as a trusted technology partner in delivering advanced data engineering, analytics, and program management solutions for global enterprises. The Company will keep the Stock Exchanges informed of any material developments in accordance with the applicable regulatory requirements.
The above information is a part of company’s filings submitted to BSE.
