Canarys Automations' Subsidiary Secures US$ 312,000 Contract from LinkedIn Corp
Canarys Automations Limited has seen its wholly owned foreign subsidiary secure a significant international order. M/s. Canarys Corp has been awarded a contract by M/s. LinkedIn Corporation for providing professional services related to LinkedIn's Finance Transformation and Oracle Fusion Strategy Initiative.The contract involves the provision of professional advisory, business architecture, and project management services designed to support LinkedIn's efforts in Finance Transformation through the Oracle Fusion Strategy Initiative. The client, LinkedIn Corporation, is based at 1000 W Maude Ave, Sunnyvale, CA 94085.
M/s. Canarys Corp, which is a 100% wholly owned foreign subsidiary of Canarys Automations Limited, will execute the services. This engagement holds a commercial consideration valued at US$ 312,000 (US Dollar Three Hundred Twelve Thousand Only). The billing services portion of the contract is set for a term of six months and the overall engagement validity begins from the date of signing the Statement of Work (SOW).
Details regarding the awarded order include:
| Particulars | Details |
|---|---|
| Entity awarded | M/s. Canarys Corp, wholly owned foreign subsidiary of Canarys Automations Limited |
| Nature of Client | International |
| Services Provided | Professional advisory, business architecture, and project management services for LinkedIn's Finance Transformation and Oracle Fusion Strategy Initiative |
| Contract Value | US$ 312,000 |
The transaction was confirmed to be not a related party transaction.
CANARYS Stock Price Movement
As of 10:01 AM, shares of Canarys Automations Limited are shedding value in live trading, dipping by 1.44% and currently resting at ₹20.55. The stock has seen 52,000 shares trade during the morning session as it navigates its intraday range between ₹20.2 and ₹20.7.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.