IT Consulting & Software company Ramco Systems declares Q3FY22 result: Quarterly order bookings stood at USD 13.55m 2 'Million-Dollar-Plus' deals signed Ramco Australia Payroll compliant with Single Touch Payroll Expanded Data (STP Phase 2) Focus on Digital Transformation for large conglomerates Virtual implementations become the 'new normal' resulting in quicker go-lives, globally For the quarter ended December 31, 2021, global consolidated income of Ramco Systems Limited stood at USD 17.22m (Rs. 127.6cr). The net loss after tax for the quarter amounted to USD 3.41m (Rs. 25.2cr). The cash flow continues to be good. Commenting on the business focus, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "At Ramco we are now getting ready for the next phase of our growth. With a promising leadership team, our focus will be attracting and retaining the brightest minds in the industry. Our pipeline continues to be strong and growing. I am confident that our focus on operational excellence will drive the business forward and we will continue to deliver sustainable value to our clients. We look forward to capitalizing on the opportunities ahead." Result PDF
Highlights: Quarterly order bookings stood at USD 19.67m 4 'Million-Dollar-Plus' deals signed Strategic partnership with Workday to provide customers with a seamless integration that connects Workday Human Capital Management (HCM) with Ramco Global Payroll, thus enabling large enterprises and multinational corporations to drive HR & Payroll transformation globally Collaboration with Oracle Fusion Cloud Human Capital Management (HCM) continues to witness significant traction across markets Ramco Aviation, Aerospace & Defense continues to strengthen foothold in the MRO segment. It is proposed to set up a separate entity in the US, to cater to the defense and security market. Ramco Logistics sets foot on the South African soil — secures order from a significant supply chain solutions provider with business in Southern Africa and the Middle East. Ramco Systems posts Q2 revenue of USD 19.15m Commenting on the business focus, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "At Ramco, we have always believed that innovation nurtures business. It is this emphasis on next-gen technology including Bots, Artificial Intelligence, Machine Learning among others that has been helping us keep pace with the ever-changing tech landscape. Our focused efforts on Aviation, Aerospace & Defense, and Global Payroll have been helping us thrive and surf the digital wave. "Over the last few years Ramco has come a long way. Our thrust and focus on innovation has enabled us to rise to the occasion. I am confident that the company's transition to a new leadership team will bring in newer ideas and a fresh perspective, thereby accelerating our growth" he added. Result PDF