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Ramco adds 25 new customers last quarter
By siliconindia
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Monday, 27 July 2009, 14:58 IST
Driven by customer acceptance and global recognition of Ramco's Enterprise and OnDemand offerings, Ramco starts the financial year optimistically. The company has added 25 new names to its marquee list of customers. Its sustained and focused approach towards rapid customer acquisitions has proved beneficial even during these challenging times.
For the quarter ending June'09 (Q1:09-10), global income of Ramco Systems including revenues from subsidiaries in the U.S., Switzerland, Singapore, Malaysia and South Africa stood at USD 9.22 million. The profit for the year stood at USD 0.15 million as against last year corresponding period loss of USD 2.74 million. In terms of revenue contribution for the quarter, India operations accounted for 42 percent followed by U.S. with a share of 34 percent as against last year corresponding period contributions of 33 percent and 29 percent respectively, depicting stronger domestic scenario. India was the primary revenue driver with the revenue of USD 3.75 million followed by U.S. with USD 3.05 million.
During the last three months, the company has witnessed good traction in the APAC market with key order wins from Panasonic Electronic Components, UEM Environment, Aden Container Terminal, and additional orders from PwC Malaysia, SDV logistics and Convergys. The Middle East operations continued its success in winning large deals in the region and have secured 6 significant deals, the prominent ones being the National Bank of Oman at Muscat and the Emirates Driving College (EDC) in Abu Dhabi. South African region continues to be on course, leveraging on its outstanding base of reference customers for securing additional businesses. The latest addition to its customer list is Ugu District Municipality.
India Operations contributed significantly with 10 new order wins for Ramco OnDemand ERP (ERP delivered on SaaS model) and secured enterprise businesses from prestigious customers like Securitas India and Chakiat Shipping and Logistics. For India, the total quarterly income reported is 
26 crores against 21 crores achieved during the corresponding quarter of the last fiscal.
U.S., which has been the front runner last few years, had a relatively quiet quarter with an order win from Enerjet in the Aviation segment.
Overall, Ramco has recorded good growth in business - both in securing new order wins and repeat businesses.
Commenting on the results, P.R. Venketrama Raja, Vice Chairman, Managing Director and CEO, Ramco Systems said, "The last quarter has been good for us in terms of new order wins and customer acquisitions. We have been able to capitalize on right opportunities, show improvement in our overall performance. This was made possible because of our sustained approach towards customer acquisitions via our Enterprise and OnDemand solutions. Our strategy to focus on certain emerging verticals ensured that the revenue mix is far healthier than the last fiscal. We were also able to aptly capitalize on our technology and products' maturity level, and thus increase productivity and rationalize costs. With our relentless focus on higher revenues, lower cost and increased profitability, we are well poised to leverage on global opportunities and grow."
26 crores against 21 crores achieved during the corresponding quarter of the last fiscal.
U.S., which has been the front runner last few years, had a relatively quiet quarter with an order win from Enerjet in the Aviation segment.
Overall, Ramco has recorded good growth in business - both in securing new order wins and repeat businesses.
Commenting on the results, P.R. Venketrama Raja, Vice Chairman, Managing Director and CEO, Ramco Systems said, "The last quarter has been good for us in terms of new order wins and customer acquisitions. We have been able to capitalize on right opportunities, show improvement in our overall performance. This was made possible because of our sustained approach towards customer acquisitions via our Enterprise and OnDemand solutions. Our strategy to focus on certain emerging verticals ensured that the revenue mix is far healthier than the last fiscal. We were also able to aptly capitalize on our technology and products' maturity level, and thus increase productivity and rationalize costs. With our relentless focus on higher revenues, lower cost and increased profitability, we are well poised to leverage on global opportunities and grow."