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 first quarter of FY 2013-14, today.
For the quarter ended June 30, 2013 (Q1:13-14), global revenues of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, Australia, South Africa and Dubai stood at USD 10.82 m (Rs 59.31 cr), registering a 27% year-on-year growth.
Highlights:
· India contributed 37%, closely followed by Americas with 29%
o Contribution from markets outside India continue to show steady growth
· Signed strategic partnership with Eurocopter to offer cloud-based maintenance information systems for helicopters
· Announced the global launch of Ramco HCM on Cloud, a comprehensive HR & Talent Management Solution with multi-country payroll, Gen-Y Interface, role-based WorkSpaces and In-memory engine
o Witnessed positive demand for HCM across markets; Signed customers across India, APAC and the Middle East
· Brought on board six senior executives to strengthen its Delivery, Implementation and Field Sales force across geographies
Commenting on the results, Mr. P R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems Limited, said “The year 2013-14 has started on a good note with the signing of a strategic pact with Eurocopter, a world leader in helicopter manufacturing. This has further strengthened our position in the aviation market globally. While aviation and our core ERP offerings continue to grow, the market interest for the newly launched HCM solutions on the cloud is encouraging. We hope to capitalize on this to further strengthen our position on the cloud.”
About Ramco Systems:
Ramco Systems provides next generation end-to-end enterprise solutions that render complete transformation of the business in real time. Built on Ramco VirtualWorks®, all Ramco products are cloud architected by design and address the entire business cycle from transaction to analytics. Part of the USD 1 Billion Ramco Group, the company offers ERP, HCM, MRO, M&E, SCM, CRM, financials, service management, asset management, process control, project management and analytics to multiple verticals on the most appropriate cloud model – public, private and community. Ramco focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 150,000 users from 1000+ customer organizations across 35 countries. The company currently has 21 offices spread across India, USA, Canada, Europe, Middle East, South Africa and APAC.
“Ramco Systems Limited is proposing to make a rights issue of equity shares in the near future and is in the process of filing the draft offer document with the Securities and Exchange Board of India.”
For more information, please visit www.ramco.com
For the quarter ended June 30, 2013 (Q1:13-14), global revenues of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, Australia, South Africa and Dubai stood at USD 10.82 m (Rs 59.31 cr), registering a 27% year-on-year growth.
Highlights:
· India contributed 37%, closely followed by Americas with 29%
o Contribution from markets outside India continue to show steady growth
· Signed strategic partnership with Eurocopter to offer cloud-based maintenance information systems for helicopters
· Announced the global launch of Ramco HCM on Cloud, a comprehensive HR & Talent Management Solution with multi-country payroll, Gen-Y Interface, role-based WorkSpaces and In-memory engine
o Witnessed positive demand for HCM across markets; Signed customers across India, APAC and the Middle East
· Brought on board six senior executives to strengthen its Delivery, Implementation and Field Sales force across geographies
Commenting on the results, Mr. P R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems Limited, said “The year 2013-14 has started on a good note with the signing of a strategic pact with Eurocopter, a world leader in helicopter manufacturing. This has further strengthened our position in the aviation market globally. While aviation and our core ERP offerings continue to grow, the market interest for the newly launched HCM solutions on the cloud is encouraging. We hope to capitalize on this to further strengthen our position on the cloud.”
About Ramco Systems:
Ramco Systems provides next generation end-to-end enterprise solutions that render complete transformation of the business in real time. Built on Ramco VirtualWorks®, all Ramco products are cloud architected by design and address the entire business cycle from transaction to analytics. Part of the USD 1 Billion Ramco Group, the company offers ERP, HCM, MRO, M&E, SCM, CRM, financials, service management, asset management, process control, project management and analytics to multiple verticals on the most appropriate cloud model – public, private and community. Ramco focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 150,000 users from 1000+ customer organizations across 35 countries. The company currently has 21 offices spread across India, USA, Canada, Europe, Middle East, South Africa and APAC.
“Ramco Systems Limited is proposing to make a rights issue of equity shares in the near future and is in the process of filing the draft offer document with the Securities and Exchange Board of India.”
For more information, please visit www.ramco.com
