Order Booking stood at USD 104m (21% growth YoY)
Chennai, India – May 23, 2018: Ramco Systems (BSE – 532370, NSE – RAMCOSYS); a global enterprise software company focusing on enterprise cloud platform, products and services, today announced the results for the fourth quarter and financial year 2017-18.
For the year ended March 31, 2018 (FY: 2017-18), global income of Ramco Systems Limited was USD 74.66m (Rs 478.9cr). The net profit after tax for the year stood at USD 1.76m (Rs.11.3cr)
For the quarter ended March 31, 2018 (Q4: 2017-18), global consolidated income of Ramco Systems Limited stood at USD 18.98m (Rs 121.3 cr). The net profit after tax for the quarter, amounted to USD 0.66m (Rs.4.2 cr).
o Focus in markets like Myanmar, Philippines, Indonesia, Taiwan generated results with sizeable order booking from these new geographies
Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, “Our products have been recognized by leading research and advisory firms for their comprehensive coverage and unique differentiators which are helping client organizations reap digital transformation. While we continue to build a healthy order book, we will remain focused on delivering client delight which is key to business growth.”
Virender Aggarwal, CEO, Ramco Systems, said, “In a highly cluttered enterprise applications market, we have been leveraging ‘Innovation’ as a key differentiator to drive market momentum. I am glad to share that our initiatives to build HCM Chatbot – Chia – has resulted in clients leveraging Bots across regions to simplify how their employees engage with the HR system. We are now taking the conversational experience a few notches ahead by building Voice based transactions using Amazon Alexa and Google Assistant. This will bring a paradigm shift in the way ERP applications are accessed and transacted upon. The future continues to be exciting for those who believe in disrupting and exploring newer technologies.”
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