During the quarter, Ramco OnDemand ERP – the world’s first full fledged ERP available on a Software-as-a-Service (SaaS) model, successfully reached the milestone of 100 customers with 1000+ users in India. Efforts are underway to offer this service to the international markets such as US, Singapore, South Africa & UAE during this fiscal.

The global Q1 income of Ramco Systems Ltd, including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at USD 10.02 million with a net loss of USD 2.74m

Global software and services revenue contribution was led by India and USA with a share of 34% and 29% respectively. Among the business lines, the software solutions business contributed 92%, while the IT Services practice accounted for the rest of the global Q1 revenues.

Highlights of the quarter for Ramco India include order wins from Trivitron, Geojit, Metso Minerals, EMRI and go-live of Bharat Gears, DLF & Adani Logistics. The BPO business of Ramco achieved another breakthrough with an order for Payroll processing for Avaya India. For India, the total quarterly income reported was Rs.21.31 crores against Rs.28.38 crores achieved during the corresponding quarter of the last fiscal.

Commenting on the results, Mr. P.R.Venketrama Raja, Vice Chairman, Managing Director & CEO said, “Market conditions are tough, leading to delays in signing contracts, especially in the global manufacturing sector. At the same time, our wise investments in Ramco OnDemand ERP & the BPO business are yielding positive results. These two businesses are growing; winning orders and helping Ramco expand their customer base at a rapid pace. We are hopeful of an improved business outlook and Ramco is targeting to achieve profitable growth in the coming quarters”.

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