Ramco Systems announces 8 percent growth in Q-o-Q results
Ramco Systems has announced its results for the third quarter FY 2014-15. The global consolidated income of Ramco is accounted to be USD 10.02 million. The revenue highlights the growth of 8 percent quarter-to-quarter and 44 percent year-to-year. The net profit after taxes for the quarter, which does not contain any exceptional / extraordinary items, stood at USD 1.33m, highest in the last 10 years on comparable basis.
Commenting about the growth, P.R. Venketrama Raja, Vice Chairman and Managing Director, Ramco Systems Limited, said, “In the last two years, the company has taken multiple steps to arrest losses, sustain growth and move to profitability. From entering new markets, to focusing on making the product highly usable, efforts on all directions were taken to build a nimble and progressive cloud company. I am glad the efforts have started to pay off with financial results and customer feedback reflecting the positive sentiment.”
On the other hand, Virender Aggarwal, CEO, Ramco System, said “…we want to build a culturally unique organization which thrives on innovation and is breaking barriers to disrupt the status quo. In a knowledge economy, only a high-growth, high-potential organization which is open to embracing Gen-Y talent can strive to stay ahead of competition. Our focus is on attracting the best talent and giving them a platform to think freely and deliver solutions that are path breaking. From wearables to agent-based technology, the opportunity to get hands on experience on latest technologies is driving high performers to join Ramco.”
