Ramco has continued to maintain positive growth for the third consecutive quarter during the current fiscal.

Total Q3 global revenues of Ramco Systems, including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at USD 11.45m as against USD 10.09 m during the same period last year, registering a 13% growth.

For the third quarter ending December 2007, global software revenues grew by 25% to reach USD 9.44 m compared to USD 7.56 m achieved during the corresponding quarter last financial year.

For the nine months ending December 2007, the company has posted a global net profit of USD 4.44m compared to a net loss of USD 4.69m in the corresponding period last year.

Commenting on the results, Mr. P.R.Venketrama Raja, Vice Chairman and Managing Director said, "Ramco continues to be on the path of a sustainable and profitable growth with excellent traction in Aviation, Governance, Retail and Logistics. Our strategy to expand our engagements and offer consulting and outsourcing services is helping the company move up the value chain, resulting in good growth with improved profitability”

Ramco is investing in building a new state-of-art facility over the next 18 to 24 months to keep pace with the company’s growth plans. The proceeds from the sale of the present building to the Ramco group will be used to part-fund the construction of the new facility.