IT Consulting & Software company Ramco Systems announced Q2FY25 results Financial Highlights: Witnessed a 4% QoQ growth in revenue. Quarterly Order Booking stood at USD 10.7 million. Signed 3 "Million-Dollar plus" deals. Recorded a stabilized recurring revenue at USD 9.82 million. EBITDA grew by 51% QoQ, excluding foreign exchange fluctuation gain/loss. EBITDA of USD 2.1 million for the quarter is after considering foreign exchange fluctuation gain of USD 0.87 million (as against EBITDA of 0.57 million for Q1 which is after considering foreign exchange fluctuation loss of USD 0.24 million). Other Highlights: Launched Ramco Aviation Software 6.0 -a revolutionary product release designed to transform M&E; and MRO operations with Al-driven insights, advanced automation, and seamless integration. Unveiled at the Aircraft IT Conference in Miami, Ramco Aviation 6.0 was also showcased at 3 other events in Singapore, Bangkok & Barcelona witnessing significant traction across markets. Continued to add some of the marquee names to the growing clientele. A leading Textile Machinery Manufacturer in India partnered with Ramco to embark on an enterprise transformation replacing decades old legacy applications with Ramco's integrated, one-stop ERP Suite. One of the world's largest producers and marketers of high-quality fresh fruits and vegetables chose Ramco to automate its HR & payroll processes. Australia's leading logistics service providerspecializing in road transportation selected Ramco to digitize its transportation and warehouse management. Named 'Technology Solution Provider of the Year' by ETHRWorld Middle East at The Economic Times Human Capital Awards, UAE. Bagged the prestigious SHRM "Excellence in Learning and Development Award" held in November 2024. The award is a testament to Ramco's commitment to fostering a culture of continuous learning and building an environment that promotes learning. P.R. Venketrama Raja, Chairman, Ramco Systems, said: 'We express gratitude for Sundar Subramanian's contributions in stabilizing the company and fostering a culture focused on results and execution excellence. Sundar's efforts have strengthened leadership, brought skilled talent into key roles, and laid a strong foundation for the company's future growth. As Sundar steps down, he looks forward to dedicating more time to personal interests. The Board and the Ramco Systems team extend their thanks and best wishes to him. With the Board's full support, we are confident that under Abinav Raja's leadership, Ramco Systems will continue its progress towards delivering exceptional customer experiences and sustainable growth." "This year, we embarked on a strategic modernization journey with the launch of Ramco Payce, marking a pivotal milestone and underscoring our commitment to innovation. The recent release of Ramco Aviation 6.0 further strengthens the path, setting a foundation for sustained progress. Going forward, this momentum will extend across all business units, driving operational excellence and positioning us for substantial growth ahead." Result PDF