The current financial year continues to be positive for Ramco and the company has maintained break-even for the second consecutive quarter.

For the first half of the year (H1:Apr-Sep '07), total global revenues of Ramco Systems Ltd, including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at USD 27.65m as against USD 25.16 m during the corresponding period last year, registering a growth of 10%. During this period, the company has posted a modest global net profit of USD 0.08m compared to a net loss of 2.02m in the corresponding period last year.

Global software revenues grew by an impressive 19% to reach USD 23.10 m and contributed to 84% of the global H1 revenues. Tighter cost management has resulted in the company turning profitable.

For Q2 '07-'08, the company has posted global revenues of USD 13.49 m with a net profit of USD 0.06m.

Commenting on the results, Mr. P.R.Venketrama Raja, Vice Chairman, Managing Director & CEO said, "Ramco is on the path of a sustainable and profitable growth in the coming quarters. Our investments in creating a global consulting practice, key partnerships in Aviation & Procurement Outsourcing, innovative offerings, world-class talent and focus on select verticals have started yielding positive results".

During the last six months, the company has witnessed excellent traction in the Aviation MRO market with key order wins. The APAC region continues to secure significant deals in the HCM space.