The focus on market development
with partnerships and integrated
sales, marketing and execution
has resulted in achievement
of growth targets. Ramco has
been able to create an ecosystem
of satisfied customers, empowered
partners and motivated employees.
The investments in VirtualWorks®
are paying off with quarterly
revenues from solutions developed
on VirtualWorks growing by
63% YoY. The revenues from
VirtualWorks based solutions
contributed to 79% of overall
solutions revenue in the current
quarter as against 55% in
Q3 03-04.
VirtualWorks has helped Ramco
exceed Customer expectations
with successful implementations
of extremely large and complex
enterprise-wide solutions
with unique business practices
and dynamic requirements.
These solutions have been
deployed across multiple countries
and locations on various technologies.
These, probably, are the first
few instances of Adaptive
Enterprise Solution implementations
in the world.
These solutions have been
implemented in record time
and have provided substantial
strategic advantage to customers.
These successes have enabled
Ramco to get important break-throughs
in various sectors like Aerospace,
Banking & Financial Services,
Manufacturing, eGovernance
& Healthcare.
Global quarterly revenues
for the quarter ended December
31st, 2004 stood at USD 12.07
Million as against USD 9.42
Million in Q3 2003-04. YTD
revenues accounted for USD
35.35 Million as against USD
25.29 Million in the previous
year, registering a growth
of 40% YoY.
For India, for the quarter
ended December 31, 2004 the
total income reported is Rs.27.21
Crores as against Rs.14.32
Crores in the corresponding
period of the previous year,
registering a growth of 90%.
The net loss was curtailed
from Rs 10.17 Crores in Q3
of 03-04 to Rs 3.36 Crores
for the current quarter.
Ramco has also forged multiple
partnerships with leading
players to host its solutions,
provide bundled offers and
cross sell the solutions across
the various value chains.
Ramco has also launched a
successful partnership program
for the SMB segment in India
which has resulted in multiple
order wins.
Commenting on the
results, Mr. P.R.Venketrama
Raja, Vice Chairman, Managing
Director & CEO said,
"Ramco has now reached
an inflection point with the
maturity of the VirtualWorks
platform, establishment of
market & partner initiatives
and successful implementation
of mission critical enterprise-wide
solutions. The scalable business
models and the promising prospect
and customer engagements shall
take us on to the next phase
of growth.”
