Ramco Systems posts Q2 revenue of USD 15m
Chennai, India – November 07, 2022: Ramco Systems (BSE – 532370, NSE – RAMCOSYS); a global enterprise so ftware company focusing on Next Generation Cloud Enterprise Applications, today announced the results for th e second quarter of the financial year 2022-23.
For the quarter ended September 30, 2022 (Q2: 2022-23), global consolidated income of Ramco Systems Limit ed stood at USD 15.14m (Rs 119.8cr). The net loss after tax for the quarter amounted to USD 7.64m (Rs. 60.3cr).
Q2 Highlights:
- Quarterly order booking stands at USD 17.32m
- 4 ‘Million-Dollar-Plus’ deals signed
- Focus on multi-dimensional payroll transformation helps bag coveted titles including
- The ‘Global Payroll Software Supplier of the Year’ award at The Global Payroll Association Awards 2022
- The Elite Innovation Provider Award at the 45th HKIHRM HR Excellence
- Strong footprint in the Asia-Pacific region and focus on offering touchless payroll experience lead to Ramco’s positioning as a LEADER in Everest Group’s first ever Multi-country Payroll (MCP) Solutions PEAK Matrix® Assessment 2022 for APAC
- Ramco Systems Defense & Security Incorporated partners with General Atomics Aeronautical Systems, Inc. (GA-ASI), the world leader in unmanned aerial systems to support the SkyGuardian Global Support Solutions (SGSS) program
Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, “With all geographies reopen ing their doors to international business and with our focused investments in sales and marketing, we at Ramco have been witnessing an encouraging movement in our pipeline. The recent awards and accolades around inno vation and transformation are testament to the thrust we have been placing on building an in-depth offering and are helping us garner a prominent position in the market. All these have been enabling us to focus more on our core operations and improve our key parameters. We are hopeful of an improved order booking in the coming quarters.”
About Ramco Systems:
Ramco is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-ba sed enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD 1 billion Ra mco Group, Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. On the Innovation front, Ramco has been focusing on moving towards Active ERP leveraging Artificial Intelligence and Machine Learning by building features such as Talk It – which allows transactions to be carried out by simple vo ice commands, Bot it – which allows users to complete transactions using natural conversations; Mail It – trans act with the application by just sending an email; HUB It – a one screen does it all concept built to address all ac tivities of a user; Thumb It – mobility where the system presents users with option to choose rather than type values and Prompt It – a cognitive ability which will let the system complete the transaction and prompts the user for approval.
With 2000+ employees spread across 28 offices, globally, Ramco follows a flat and open culture where employees are encouraged to share knowledge and grow. No Hierarchies, Cabin-less Offices, Respect work and not titles, among others are what makes the team say, Thank God it’s Monday
Conferred as Malaysia’s Best Employer Brand 2022;
Positioned a ‘Leader’ in Everest Group’s APAC Multi-country Payroll (MCP) Solutions PEAK Matrix® Assessment 2022
Winner of 2020 ISG Paragon Awards Asia Pacific, for ‘Transformation’ and ‘Collaboration’ Awards;
Winner of Global Payroll Association’s Global Payroll Software Supplier of the Year Award 2022;
Leader in NelsonHall’s NEAT Matrix for Next Gen Payroll Services
