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Ramco Systems Q3 Revenue grows 8% QoQ and Order booking 45% QoQ

Chennai - February 3, 2021

  • Logistics emerges as a growth driver as eCommerce and change in distribution patterns spark market demand
  • Partnership with leading Global HCM players spurt demand for Global Payroll
  • Leading Business conglomerates choose Ramco ERP for driving enterprise-wide Digital Transformation


Chennai, India - February 03, 2021: Ramco Systems (BSE - 532370, NSE - RAMCOSYS); a global enterprise software company focusing on Next Generation Cloud Enterprise Applications, today announced the results for the third quarter of 2020-21.

For the quarter ended December 31, 2020 (Q3: 2020-21), global consolidated income of Ramco Systems Limited stood at USD 23.73m (Rs 174.22 cr). The net profit after tax for the quarter, amounted to USD 2.44m (Rs 17.89 cr), as against net profit of USD 0.82m (Rs 5.78cr) in the same period, previous year.

Q3 Financial Highlights:

  • Quarterly order bookings stood at USD 38.40m, 45% growth over Q2
  • Six ‘Million-Dollar-Plus’ deals signed; with average deal size moving beyond 1Mn USD
  • Quarterly revenue stood at USD 23.34m, 8% growth over Q2
  • EBITDA showed a healthy growth at 32% in Q3

Q3 Business Highlights:

  • Ramco Aviation signs off the quarter on a high note
    • Iberia Maintenance, one of Europe’s leading MRO service providers in IAG Group chooses Ramco to digitally transform its business operations on a unified platform
    • With world’s largest commercial fleet of tactical ex-military aircraft onboard, four of the top U.S. ADAIR (Adversary Air Services) Operators now trust Ramco
  • Ramco ERP announces digital transformational program at DLF Limited enhancing customer journey with an end-to-end digital experience
  • Thrust on covering 50+ country payroll compliance on a single platform, and delivering best payroll experience, brings home the 2020 HR Vendors of the Year Awards for Best Payroll Software and Best Payroll Outsourcing provider
  • Logistics business sees record revenue with large clients onboarded during FY 21; positive momentum in pipeline triggered by surge in eCommerce

Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, “The pandemic has stepped up the need for organizations to go digital to survive and grow. It has helped speed up the transformation agenda for businesses, globally. We see this as an opportunity for organizations to relook at their existing processes and adopt newer ways to experience exponential savings in time, cost and effort. It is this focus that we place on delivering measurable results, that has helped us continue to win the trust of global businesses. With focus on technology and innovation we are here to define the new normal.”

Download the pdf version of the Financial Results

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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 Singapore 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.