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Ramco gains inroads into global markets

Anuradha Shukla | April 23, 2015
Announces fourth quarter and annual results.

The global consolidated income of Ramco Systems was US$ 16.48 million for the quarter ended March 31, 2015.

The global enterprise software company focuses on enterprise cloud platform, products and services. This quarter's revenue showed a growth of 37% year on year (YoY) in dollar terms.

The net profit after tax for the quarter was US$ 0.71million and for the year ended March 31, 2015, global income was US$ 60.26million.

The net profit after tax for the year grew 153% and stood at US$ 2.09million. Revenue from markets outside India was at 72% compared to 69% the previous year.

"It is encouraging to see consistent growth in top line quarter on quarter (QoQ). This reaffirms the maturity and global acceptance of our products," said P.R. Venketrama Raja, vice chairman and managing director, Ramco Systems Limited. " While 'Make in India' is the buzz globally, we are taking the 'Made in India' tag to the global market with our suite of offerings. I am happy to note that the success and growth demonstrated by Ramco marks the arrival of an Indian Software Product Company."

Payroll on cloud

Ramco HCM and Payroll on Cloud has gained popularity across the globe and new customers are added due to multi-country payroll, mobility, and intuitive user experience.

Many asset-centric organizations and companies from facility management and services segment patronized Ramco ERP on Cloud.

Ramco Aviation has begun to cater to Aviation-specific manufacturing companies and this has helped the company to find a niche for its Ramco Aviation Suite.

"The era of seeing ERP as an automation tool is passé," said Virender Aggarwal, CEO, Ramco Systems. " Today, organizations are looking for applications that are intuitive, intelligent and highly user-centric. HUB from Ramco is aimed at addressing the new-age ERP buyer who is looking at applications not as a 'System of record' but as a 'System' capable of understanding the user, making intelligent suggestions and auto completing the regular tasks. With one screen for each role, HUB will be a powerful addition that will help in productivity improvement at all levels. We look forward to rolling this out in phases this year."

 

 

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