Ramco has successfully streamlined its operations to gear up for the emerging global opportunities. During the quarter, several initiatives have been kicked-off that include Six-Sigma roll-out, streamlining the global sales pipeline management system, building an eco-system of business partners and strengthening the knowledge management initiatives.

For the three quarters ending December ‘06, the global software revenues grew by a modest 7% and posted revenues of USD 34.81m. The solutions business in India posted an impressive growth of 93% compared to the corresponding period last year and clocked revenues of USD 6.03m. Primary contributors to the software revenue growth were the Indian operations and the global aviation solutions business. Streamlining the operations has resulted in the company trimming its net loss for the 9-month period by 14% to USD 5.09m compared to USD 5.95m incurred during the corresponding period last fiscal.

For Q3 ’06-’07, the company has posted global revenues of USD 12.71m with a net loss of USD 2.84m. Global revenue contribution for Q3 was led by USA & India with a share of 37% and 19% respectively. Among the business lines, the software solutions business contributed over 60%, while the IT Services practice accounted for 18% of the global revenues.

The total global revenues of Ramco, including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at USD 43.10m for the 9-month period (Apr-Dec’06) as against USD 41.89 in the corresponding period previous fiscal.

Commenting on the results, Mr. P.R.Venketrama Raja, Vice Chairman, Managing Director & CEO said, "Ramco is internally transforming itself to leverage the emerging global opportunities. While the company’s global revenues have remained steady, several initiatives that are currently underway are expected to have a positive ripple effect on the revenues and profitability over the next few quarters”.