Today, almost every business runs on the cloud. But to run it well, that’s another matter. Companies move workloads to AWS and Azure and then find they need people to manage the migration, keep the systems supported 24/7 and stop spending from spiralling. This is where specialist technology partners come in and it has become one of the busiest corners of the world of IT services.
Shares of Canarys Automations Ltd were trading at Rs. 31.60, down 1.10 percent from previous close of Rs. 31.95. The stock opened at Rs. 31.70, reaching an intraday high of Rs. 31.95 and low of Rs. 30.60. The company currently has a market capitalization of Rs. 187 crores.
What’s the News?
Canarys Automations Limited has announced that its wholly owned US subsidiary, Canarys Corp, has been awarded a contract by Calibo Inc, a Michigan-based company. Canarys will provide AWS and Azure cloud services and support. The order is worth US$780,000 and comes from an international customer. The company informed the exchange on September 24, 2026.
The engagement runs from the date the statement of work is signed, and the billing services engagement is valid for 12 months. It is not a related party transaction, and the promoter group has no interest in the customer. Calibo offers a data and digital orchestration platform that combines an Internal Developer Portal with a data platform. CEO Sheshadri Srinivas called the order a pivotal milestone and said it marks the start of a long-term strategic relationship.
Finanical & Business Analysis
Consolidated revenue from operations increased 120.58% YoY, climbing from Rs. 90.57 crore in FY25 to Rs. 199.74 crore in FY26. Consolidated net profit increased 79.11% YoY, reaching Rs. 14.83 crore in FY26 compared to Rs. 8.28 crore in FY25. The basic earnings per share increased by 45.52 percent and stood at Rs. 2.11 as against Rs. 1.45 recorded in the previous year FY2025.
Canarys earns almost all of its revenue from technology solutions, which cover cloud, DevOps, modernisation and data and AI work. Water resource management is a tiny sliver, and management has been deliberately dialling it back because those projects take a long time to collect payment. That focus on tech services is why a cloud contract like this fits neatly into the core business. The order book has also been growing alongside a steady stream of new customer additions, which suggests the company is broadening its client base.
The Calibo order helps in a few ways. It deepens the company’s presence with US product companies, and it comes on top of other recent wins from global names like LinkedIn. A 12-month billing engagement also gives the company a steady stream of work to plan around. If the relationship grows the way management hopes, cloud support could open the door to bigger data and AI projects, which the company’s US arm was built to chase.
Industry Context
Cloud spending is on the rise in India. End-user public cloud spending in the country will increase 28.1% to $17.5 billion in 2026, from $13.7 billion in 2025, according to Gartner. The biggest category is platform services at approximately $6.4 billion. Businesses are strengthening their technological backbones for AI, and that’s driving more projects to partners that can manage migration and modernization.
The world picture is no different. On a global level, the growth of public cloud services is anticipated to be 21.3% in 2026, and the market is estimated to hit $1.48 trillion by 2029. AWS and Azure together account for around 50% of the market for cloud infrastructure and seasoned experts with knowledge of both clouds are in constant demand. One of the major reasons is cost control. Research indicates that approximately 27% of cloud expenditure is wasted and approximately 60% of organisations rely on a managed provider to manage expenditure and complexity.
Company Overview
Canarys Automations Limited is a Bengaluru-headquartered technology company with over 35 years in business and a wholly owned US subsidiary, Canarys Corp, based in New Jersey. It specialises in DevOps, GitHub, Azure, AWS and GCP, along with infrastructure migration, modernisation, and analytics and AI solutions. It has more than 150 customers across the USA, UK, Europe, Malaysia and Singapore, and went public in 2023. It is also a GitHub verified partner, and was named GitHub’s Growth Services and Channel Partner of the Year for 2025.