Ramco Systems consolidated
its position in the enterprise
applications segment by retaining
the No.1. slot in the Customer
Satisfaction Audit , by DQ-IDC
India, for the second year
in succession. This is an
excellent endorsement of our
commitment towards meeting
the ongoing requirements of
our customers.
Ramco Systems registered
a growth of 11% YOY with its
global quarterly revenues
at USD 13.44 Million in Q3
2005-06 as against USD 12.07
Million in Q3 of 2004-2005.
YTD revenues accounted for
USD 41.89 Million as against
USD 35.35 Million in the previous
year.
The quarter saw successful
implementation of diverse
enterprise solutions spanning
verticals like Aviation MRO,
Manufacturing, Logistics &
Local Governance. Some of
the key solutions include
a “Core ERP and Rural
Management System” developed
for ITC’s International
Business Division and the
“Instant Money Order
system (iMO)” developed
for the Department of Posts.
The YTD (9 months) revenues
from Ramco VirtualWorks based
solutions grew by 21% from
USD 13.96 Million in 2004-05
to USD 16.95 Million in 2005-06.
The Enterprise Solutions
division contributed USD 24.11
Million in revenues for the
9 months ending Dec 2005,
registering a growth of 20%
over the previous year.
The Information Security
practice is gaining traction
with several companies putting
in place secure infrastructure
and processes for BS7799 and
ISO 27001 compliance.
YTD (9 months) revenues from
the Secure Converged Networking
(SCN) division grew to USD
9.42 Million in 2005-06, registering
a growth of 24%.
For India, for the quarter
ended December 31, 2005 the
total income reported is Rs.33.89
Crores as against Rs.29.07
Crores in the corresponding
period of the previous year.
The net loss after tax for
Q3 2005-06 stood at Rs 3.68
Crores.
Commenting on the results,
Mr. P.R.Venketrama Raja, Vice
Chairman, Managing Director
& CEO said, "Having
laid the foundation with successful
implementations and strong
references, our focus is now
to build a strong organization
for rapid market development.”
