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Ramco revenue grows 23% QoQ

Chennai, November 6, 2012: Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); an enterprise software company focused on enterprise cloud platform, products and services, today announced the results for the second quarter of FY 2012-13. With cloud getting mainstream, Ramco is taking advantage of the changing market dynamics to position its Ramco ERP on Cloud to the global market.

For the quarter ended September 30, 2012 (Q2:12-13), global income of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, South Africa and Dubai stood at USD 10.97m (Rs. 60.58cr).

Highlights – Q2 2012-13:

  • Significant increase in revenues with international markets contributing 43% to the overall global revenue
  • Global revenue grows 23% QoQ
  • Acquires customers in Singapore, Malaysia and Middle East for Ramco ERP on Cloud
  • Sets up a wholly-owned subsidiary in Australia
  • Widens partner network in key markets; signs ten new partners across US & Europe
  • In line with globalization strategy, partners with leading players like Dell, Ingram and Multipolar
  • Announces the global availability of Ramco ERP on Cloud on Amazon Web Services platform

Commenting on the results, Mr. P. R. Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems Limited, said, “It has been an enriching and exciting journey into the international market with Ramco ERP on Cloud. The comprehensiveness of the product, coupled with the usability of the application and its availability on mobile devices has been well received by the global customer. We have been adding country-specific features, and today, have 48-country payroll available in one integrated payroll engine. Our product strategy is aimed at making the user experience simple and designing the product first for the mobile, and then for tablets and desktops. In parallel, we have also been focusing on strengthening our partnership network and have signed up with multiple partners to help us reach the market effectively. Our focus now will be to strengthen this network and fuel growth.”

Download Q2 - 2012-13 results