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Ramco Q4 revenue grows 28% YoY;

Records global income of USD 46.04 m in FY 2012-13

Chennai, India – May 30, 2013: Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); an enterprise software company focusing on enterprise cloud platform, products and services, today announced the results for the fourth quarter of FY 2012-13.

For the quarter ended March 31, 2013 (Q4:12-13), global income of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, Australia, South Africa and Dubai stood at USD 13.38 m (Rs 71.50cr). The quarter revenue showed 5% growth QoQ and 28% YoY. For the year ended March 31, 2013 (FY: 2012-13), global income of Ramco Systems Limited stood at USD 46.04 m (Rs 247.39cr).  

Business Highlights:

  • Adds customers for Ramco ERP on Cloud in 10 countries across North America, Middle East, APAC and Australia, in addition to India; establishes itself as a prominent player for ERP on Cloud
  • Signs ten deals in Aviation, including majors such as Emirates, GoAir, Air Tahiti, Caribbean Airlines, and Hevilift among others
  • Forges partnerships with leading global technology players like Google, Amazon, Dell, Ingram, Multipolar and others
  • Sets up a subsidiary in Australia; opens new offices in Atlanta and Puerto Rico

Product Highlights:

  • In line with the focus to take the product global, the product philosophy revolved around the five pillars of Mobility, User Interface, Social, In-Memory and Context awareness
  • ‘Customer Centricity’ was reaffirmed as the focus at the Aviation User Meet held in April in California, USA

Operational Highlights:

  • New Professional Management Team has been brought in to restructure the organization and prepare it for the new and exciting world of Enterprise Cloud Computing.
  • The company has a mature and well proven product and thus the company is focusing on marketing and brand building, while bringing down operational costs significantly.

Commenting on the results, Mr. P.R. Venketrama Raja, Vice Chairman and Managing Director, Ramco Systems Limited, said, “With our relentless focus towards leveraging technology to build ‘Customer centric’ solutions, and our product philosophy of MUSIC (an acronym for Mobility, User Interface, Social, In-Memory, and Context aware solutions), we today have an edge in the global marketplace. With the right products which are mature, time-tested and have the latest features embedded in it, we are confident of becoming a prominent player on Cloud.”

“We have been steadily growing our Cloud footprint and making inroads into newer markets, globally. The success and interest from customers and partners in some of the mature markets have been highly encouraging, and reinforces our belief that we are moving in the right direction. Aviation continues to grow rapidly while we see good opportunity for both HCM and ERP on Cloud. The focus is now on further strengthening our partner network and increasing our market reach to capitalize on the opportunity that lies ahead of us”, added Mr. Virender Aggarwal, CEO, Ramco Systems Limited.