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Third Quarter Fiscal 20-21 Results

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Watch 23rd Annual General Meeting of Ramco Systems

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Digital Transformation, Inspired by Innovation – Annual Report 2020

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Fiscal Year 19-20 Highlights

Annual Revenue

USD81.03Mn

EBITDA

13%Growth YoY

Profit After Tax

USD1.45Mn

Million-Dollar-Plus’ Deals

21

Unexecuted Order Book (as on March 31, 2020)

USD166.55Mn
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In the world of business today, speed matters more than anything else, and Digital Transformation will be possible only when organizations are agile. Transforming operations will bring in operational excellence that will be driven by technology thus paving way for innovation and excellence. This is where Digital Transformation steps in. We, at Ramco, continue to emphasize on the fact that a true Digital Transformation is all about results that should be driving an improvement that is not just incremental but substantial. What was expected to become a need by 2025, has now become urgent and important.

For second year in a row, Ramco Systems positioned in Gartner Magic Quadrant for Enterprise Asset Management (EAM) Software

Chennai - November 13, 2018

Chennai, INDIA – November 13, 2018 – After entering the Gartner Magic Quadrant for Cloud Financials and HCM, leading global enterprise software company, Ramco Systems announced that it has been positioned in Gartner Magic Quadrant for Enterprise Asset Management Software (authored by analysts Kristian Steenstrup, Nicole Foust, Nigel Montgomery, published on 09 October, 2018), for the second consecutive year in a row.

According to Gartner, “an EAM solution includes functionality for managing, planning and scheduling; work order creation; maintenance history; and inventory and procurement; as well as equipment, component and asset tracking for assemblies of equipment.”

Ramco EAM has industry flavours to address Aviation & Defense, Power Generation, Equipment Rental, Manufacturing, Infrastructure and Transportation.

“With a majority of asset-intensive organizations embracing software applications to increase the lifecycle performance of their assets, the EAM market has been picking up great momentum. We have seen an upward move in our position within the Niche Quadrant, which reaffirms customer satisfaction and the focus we place on delivering next-gen solutions leveraging cognitive capabilities, frictionless interactions, voice and chatbots are resonating with the audience,” says Virender Aggarwal, CEO, Ramco Systems.

“With our thrust on Innovation and simplification in user experience, we look forward to revolutionizing the EAM tech landscape” added Aggarwal.

Ramco EAM is being leveraged by several mid to large scale enterprises both as an integrated solution part of a full suite ERP offering, as well as a stand-alone application. Ramco also has a specialised Maintenance & Engineering (M&E) / MRO software built to address Aviation and Defense segment. Ramco distinguishes itself by being a comprehensive organically grown system offering innovative features which bring automation, simplification and cognitive capabilities to the application. Ramco’s mobile enabled EAM offers fault reporting, inspections, inventory check, labor availability, to work order reporting - all through native apps on smartphone. With GIS integration and multi-dimensional view of assets, the EAM application also has an in-memory based Planning and Optimization engine.

Citing its brief on vendors positioned in Niche Quadrant, Gartner says, in certain circumstances Niche Players are just as good or better choices for prospective users. This is because they might focus on a geographic or vertical market that is meaningful to particular users or be focused on a market segment less concerned with on-premises delivery, scalability or complex processes.

Per Gartner, recent developments suggest the EAM market is on the cusp of a significant replacement/upgrade phase as previous installs cycle through to upgrades to new generation platforms and to utilize new features such as mobility, analytics and OT/IoT integration. In addition to a large number of vendors modernizing their architectures, cloud-based alternatives are becoming more commonly available.

Download the complete Gartner report here.

*Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose

Gartner Magic Quadrant for Enterprise Asset Management Software, by Kristian Steenstrup, Nicole Foust, Nigel Montgomery. Published on 09 October 2018.

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