WCWorkmates Core2Cloud Solution544610Major contract win

Awarded work order for AWS cloud migration; initial value USD 260K, revenue to ramp up over about 24 months

Awarded a work order from a leading retail broking and financial services company to migrate its workloads to AWS cloud and deploy new applications.

By ScoutQuest · Thu 29 Oct 2026, 7:17 PM IST · 2 min read

Initial Order Value

USD 260K

Estimated ARR Potential

multi-million dollar as Annual Recurring Revenue (ARR), exclusive of applicable taxes

Ramp-up Period

approximately 24 (twenty-four) months from commencement

What was announced

The company has been awarded a Work Order from a leading retail broking and financial services company. The work covers migration of the client's existing workloads to Amazon Web Services (AWS) cloud infrastructure and deployment of new applications on the AWS cloud platform.

• The scope also includes managed cloud services and operational support.
• The order has been awarded to a domestic entity and the nature of the order is a cloud migration and managed services contract.

Size of the order

The company states an initial order value of USD 260K. The annexure describes this as USD 260,000 (United States Dollars Two Hundred Sixty Thousand) as Annual Recurring Revenue (ARR) initially.

The update also states that the estimated value of this engagement going forward is approximately multi-million dollar as Annual Recurring Revenue (ARR), exclusive of applicable taxes, and that revenue ramps up over the engagement period to the full Annual Recurring Revenue. The word used is 'estimated' and 'approximately' - these are forward-looking expectations stated by the company, not contracted amounts.

Timeline

• Full ramp-up to the ARR value is expected to be achieved over a period of approximately 24 (twenty-four) months from the date of commencement of the engagement.
• The migration and ramp-up to full ARR is expected over the same approximately 24-month period.

Other disclosures in the annexure

• The promoter/promoter group/group companies have no interest in the entity that awarded the order.
• The order would not fall within related party transactions.

What this means for a retail reader

This is an order win in the company's core area of cloud migration and managed services on AWS. The update gives two different ways of looking at value: a firm initial figure of USD 260K, and a much larger potential annual recurring revenue that is described as estimated and expected to build up over roughly two years. The recurring nature of the revenue, if it materialises as described, is the part the company is highlighting. The customer's name is described only as a leading retail broking and financial services company.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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