Ramco announces Global Income of $ 47.41 Million for FY 2010-11

By SiliconIndia   |   Tuesday, May 31, 2011
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Chennai: Ramco Systems a leading software company focused on consulting, products and managed services, today announced, the results for the fourth quarter of FY 2010-11. Global income of Ramco Systems, including revenues from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia and South Africa stood at $ 13.12 million (Rs 58.94 crore). The profit for the quarter stood at $ 0.22 million (Rs 0.98 crore) as against last year corresponding quarter profit of $ 0.06 million (Rs 0.26 crore). For the year ended March 31, 2011 (FY: 2010-11), global income of Ramco Systems Limited grew at 27.82 percent to $47.41 million (Rs 214.21 crore). The profit for the year stood at $ 0.51 million (Rs 2.31 crore) as against last year corresponding year profit of $0.40 million (Rs 1.88 crore). P.R. Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems said, - "The year 2010-11 has been a very important one for us as we embarked on a drive to enhance our brand image through marketing initiatives on print, outdoor and online media. This coupled with a strong cloud offering has helped us position Ramco as a leading player in the cloud ERP space. As we step into the next phase of growth, powered with strong offerings in both private and public Cloud, Aviation and Analytics, we look forward to good growth in the business in the year ahead." Ramco's key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform - Ramco Virtual WorksT. Ramco Systems has seven major product suites - Ramco Enterprise Suite, Ramco Enterprise Asset Management Suite, Ramco Aviation, Ramco On Demand ERP (ERP on Cloud), Ramco Enterprise Information Management Suite, Ramco Advanced Process Control, and Ramco Mine Management.
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