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Ramco continues its growth momentum, clocks 16% QoQ revenue growth

Bullish on Cloud ERP uptake in global markets

Chennai, February 13, 2013: Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); an enterprise software company focused on next generation Cloud ERP products today announced the results for the third quarter of FY 2012-13.

For the quarter ended December 31, 2012 (Q3:12-13), global income of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, South Africa and Dubai stood at USD 12.36 mn (Rs. 66.20 cr).

Highlights – Q3 2012-13:

  • Sees good traction for Ramco ERP on Cloud in Americas
  • Adds SPATIAL capability to its ERP product line with Google Maps
  • Aviation business soars high with news wins from GoAir, Air Tahiti, Emirates and a leading airline in the Caribbean
  • Continues to strengthen its partner ecosystem by adding over 20 partners in USA and 10 in MEA

Mr. P. R. Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems Limited, said, “Globally, we have started getting some very good market recognition for our Cloud offerings. As we further strengthen our presence, the focus will be to build futuristic enterprise solutions that customers will value. In line with this, we are building Mobility, Usability, Spatial, In Memory and Context-aware Enterprise solutions (acronym MUSIC), that will address the new-age customer. This has been well received by both customers and prospects and as we build more such features, we look forward to building an ERP that every user would want to use.”

Commenting on the results, Mr. Virender Aggarwal, CEO, Ramco Systems Limited, said, “We have been gaining good traction in global markets for Ramco ERP on Cloud, especially in markets such as US and Australia. Our partner strategy coupled with focus on building the brand using digital medium have started paying results. Our focus will now be towards building features that will help us differentiate and stand-out from the rest of the ERP vendors. On the business front, our revenues have been growing QoQ and we look forward to continue this growth in the future.”

Download Q3-2012-13 Results