The strength of the solution delivery model using Ramco VirtualWorks®, has enabled Ramco Systems to deliver a wide range of adaptive enterprise solutions to global customers, many of whom have awarded repeat orders.

Ramco Systems registered a growth of 22% YoY with its global quarterly revenues at USD 16.29 Million in Q2 2005-06 as against USD 13.39 Million in Q2 of 2004-05. Half-yearly revenues accounted for USD 28.49 Million as against USD 23.29 Million in the previous year.

The revenues from Ramco VirtualWorks-based solutions grew by 45% from USD 8.16 Million in H1 of 2004-05 to USD 11.82 Million in H1 of 2005-06. Notable among the offerings were the BFSI, eGovernance and Aviation solutions, which witnessed substantial growth.

The solid implementation of enterprise solutions, addressing unique requirements has resulted in recurring revenue streams from customers. We are also testing innovative models of providing subscription-based enterprise solutions as a service over the internet. Initial reactions from early customers have been encouraging.

The Enterprise Solutions division contributed USD 16.47 Million in revenues for H1 2005-06, registering a growth of 25% over H1 2004-05.

Revenues from the Secure Converged Networking (SCN) division grew to USD 6.7 Million in H1 2004-05 from USD 5.07 Million in H1 2005-06, registering a growth of 32%.

The quality of our software development, delivery and maintenance processes has been successfully assessed at SEI CMMI-SW Level 5 by KPMG. This is an excellent endorsement of our commitment towards quality.

For India, the total income reported for the quarter ended September 30, 2005 is Rs.33.86 Crores as against Rs.32.66 Crores in the corresponding period during the previous year. The net loss after tax for Q2 2005-06 stood at Rs 7.11 Crores.

Commenting on the results, Mr. P.R.Venketrama Raja, Vice Chairman, Managing Director & CEO said, "Our unique solution delivery strategy has been successfully validated across multiple industries and technologies. We are now focusing on sales and marketing strategies to capitalize on this model.”