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Ramco sets its focus on three core offerings — ERP, HCM and Aviation

Posts global income of Rs. 65.34 crs.

Chennai, India – October 23, 2013: Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); an enterprise software company focusing on enterprise cloud platform, products and services, announced the results for the second quarter of FY 2013-14, today.

For the quarter ended September 30, 2013 (Q2:13-14), global revenues of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, Australia, South Africa and Dubai stood at Rs.62.89 crs. registering growth of 6% quarter-on-quarter.

Highlights:

  • Adds 51 clients in Q2
  • India contributed 34%, closely followed by Americas with 23%
  • Middle East continued to show good promise, with leading brands choosing Ramco for their HR & Talent Management needs
  • Europe bounced back with two new wins in Aviation and its first ERP on Cloud customer — Enspec Power
  • The all new HCM on Cloud continued to garner good response with wins getting registered across Middle East, APAC and India

Commenting on the results, Mr. P R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems Limited, said “The last few quarters have been promising with leading international brands choosing Ramco’s cloud offerings. We have been competing against both legacy ERP players as well as best-of-breed cloud providers to emerge as the customers’ preferred choice. This has been possible because of our efforts to differentiate by offering Mobility, an intuitive User Interface and a simple pricing structure. In order to continue this momentum and accelerate our growth, we will be focusing our energies in three core offerings— Aviation, HCM and ERP.”

Download Q2 - 2013-14 results