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Ramco Systems records 6% YoY growth in topline on constant currency
Chennai - August 6, 2016
Chennai, India – August 3, 2016: Ramco Systems (BSE - 532370, NSE – RAMCOSYS); a global enterprise software company focusing on enterprise cloud platform, products and services, today announced the results for the first quarter of 2016-17.
For the quarter ended June 30, 2016 (Q1: 2016-17), global consolidated income of Ramco Systems Limited stood at USD 16.62m (Rs 110.5 cr). The revenue showed a growth of 6% YoY on constant currency. The net profit after tax for the quarter, amounted to USD 0.14m (Rs. 90 lakhs). This quarter, the bottom line got moderated due to the adoption of Indian Accounting Standards (Ind AS).
(Constant Currency is measured by applying the exchange rates of the corresponding periods of the last financial year)
- Revenue from markets outside India stood at 69%
- Ability to address Global Payroll on a unified platform leads to Ramco HCM being positioned as an ‘Achiever’ in Everest Group’s Multi-Country Payroll Platform Assessment beating global giants. Ramco ranks high both on functionality and execution effectiveness
- Ernst & Young (EY Global Services Ltd), a multinational professional services Consulting firm partners with Ramco for supply of Managed Payroll Services on Ramco’s Payroll Technology Platform
Commenting on the results, P.R. Venketrama Raja, Vice Chairman and Managing Director, Ramco Systems, said, “Our thrust on investing in Innovation and building our platform capabilities continue to get recognized and rewarded. Leading research firms like Everest and NelsonHall have placed us on par or better than some of the leading global names in multi-country payroll capabilities. After Infrastructure and Software, the next wave in technology will revolve around Platform as a Service and I am happy to note we are geared to address the market opportunity that lies ahead of us.”Download PDF
Why Choose Ramco?
We offer more:
We are a rapidly growing cloud enterprise software company. We are focused on providing multi-tenanted enterprise software in the areas of HCM, Payroll and Cloud Payroll, ERP and M&E MRO for Defence and Civil Aviation. Our mobile-first philosophy and In-memory based Planning and Optimisation engine give us an edge in today’s rapidly growing technological environment.
We understand more:
At Ramco, we understand that be it logistics software or ERP software, functionality is not the only success driver. Usability is of utmost importance, and a major reason for success in today’s crowded marketplace.
We care more:
Present not only in UK but globally, we understand the need for customer support and prioritise it. Our customer executives are available 24/7 with a proactive approach to assist you in the best possible way, be it payroll or ERP related queries. We pride ourselves on being dependable and approachable to our customers.