Ramco Systems Limited a leading software company focused on consulting, products and managed services, today announced, the results for the first quarter of FY 2011-12.
For the quarter ended June 30, 2011 (Q1:11-12), global income of Ramco Systems Limited, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia and South Africa stood at USD 12.89 m (Rs 57.10 cr). The profit for the quarter stood at USD 0.12 m (Rs 0.54 cr) as against last year corresponding quarter profit of USD 0.06 m (Rs 0.25 cr).
Highlights – Q1 2011-12:
Q1 revenue grows 25% YoY
India (including Middle East & Africa) contributed 52% followed by Americas with 27%
Ramco OnDemand ERP (ERP on Cloud) continues to show steady growth
Ramco launched two new products on the cloud—Ramco OnDemand Analytics & Ramco OnDemand Gateway products.
Ramco OnDemand Analytics is the first full-fledged pre-built analytics on the Cloud
Ramco OnDemand Gateway products is a fusion of transaction (ERP) and decision support systems (Analytics) which enables customers to quickly and easily adopt business applications, and then graduate to a full-fledged Cloud ERP.
Ramco Systems incorporated a wholly owned subsidiary named Ramco Systems FZ-LLC in Dubai.
Ramco launched its flagship annual awards to recognize and reward customers – the Ramco Think Ahead Awards. This year, 12 customers from three regions were awarded across 4 categories.
Ramco Systems secured the esteemed Watts S Humphrey award for Software Quality and Process Improvement at the SPI Conference 2011, organised by Software Process Improvement Network (SPIN), Chennai.
Ramco’s BPO operations once again secured an award for Operational Excellence & Quality at the event hosted by Employer Branding Institute; World HRD Congress & Stars of the Industry Group, with CMO Asia as Strategic Partner and held at Singapore.
Commenting on the results, Mr. P.R. Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems Limited, said, – “We are stepping into the next phase of our marketing campaign with a radical message that is bound to stir the conventional ERP market. In the last few years, our Cloud ERP has matured and garnered significant user base. With the launch of Analytics on the Cloud, we now offer a complete suite of application software that covers the entire business lifecycle from the shop floor to the boardroom, on the cloud. In addition, there is also good demand for our Aviation, Government and Banking Analytics offerings, which, along with our cloud offerings (both public and private) will be thrust areas for growth in the coming quarters.”