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Ramco Q3 revenue grows 8% QoQ

Globalisation strategy pays off; non-India revenue contributes 72%

Chennai, India – February 12, 2014: 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 third quarter of FY 2013-14, today.

For the quarter ended December 31, 2013 (Q3:13-14), global revenues of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, Australia, South Africa and Dubai stood at USD 10.90 mn (Rs. 67.65 crs) registering growth of 8% quarter-on-quarter in Indian Rupees.

Highlights:

  • Order book grows by 22% QoQ
  • Non-India revenue registers growth of 16% QoQ and 42% YoY, strategy to go global starts to pay off
  • Ropes in global players such as WNS and Cazar to strengthen its HCM push in international markets

Commenting on the results, Mr. P R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems Limited, said “Our three-pronged approach to go global, focus on three core offerings and work towards improving operational efficiencies have started bearing results. Our products have started getting global recognition and acceptance. With enterprises looking at applications to support their need to build a ‘digital enterprise’, the market opportunity looks optimistic. As we continue to invest in building our capabilities to address the digital needs of an enterprise, we are looking forward to play a pivotal role in the enterprise applications space, globally.”

Download Q3-2013-14 Results