RAMCO SYSTEMS LIMITED ramco
February 03, 2021 | |
National Stock Exchange of India Ltd | BSE Ltd., |
Exchge Plaza, 5 Floor | Corporate Relationship Department |
Plot No:C/1, G Block | Phiroze Jeejheebhoy Towers |
Bdra Kurla Complex, Bdra (E) | Dalal Street, Mumbai - 400 00 I |
Mumbai - 400 051 | Scrip: 532370 |
Scrip: RAMCOSYS | |
Dear Sir/Madam, |
Sub: Outcome of the Board Meeting held on Februa 03. 2021
The Meeting of Bod of Directors was held today (February 03, 2020), approved the Un-Audited Fincial Results (Standalone d Consolidated) r the quarter & nine months ended Dember 31, 2020.
Time of commencement of the Bod Meeting Time of completion of the Bod Meeting
04:00 p.m. 05:50 p.m.
I) Pursut to Regulation 33(3) of SEBI (Listing Obligations d Disclosure Requirements) Regulations, 2015, we enclose the llowing, duly reviewed by the Audit Committee d approved by the Bod of Directors:
❖ Standalone d Consolidated Un-Audited Fincial Results r the quarter & nine months ended December 31, 2020.
❖ Limited Review Report om the Statutory Auditors on the Standalone d Consolidated Un-Audited Fincial Results r the quarter & nine months ended December 31, 2020.
❖ A copy of the newspaper publication on the Fincial Results of the Compy in the prescribed rmat being published is enclosed.
2) A copy of the Press Release on perrmce of the Compy is enclosed.
The aresaid intimation is also being hosted on the website ofthe Company www.rco.com.
Kindly take on record the se.
Thanking you,
Encl: As above
Corporate Headquaers: �� ��@M§. [ Chennai 600 113, India I
Tel: +91 44 2235 4510 / 6653 4000, Fax: +91 44 2235 2884 I GIN: L72300TN1997PLC037550 I
Registered ice: 47, P.S.K. Nagar, Rajapalayam 626 108, India
Global ices: India I Singapore I Malaysia I China I Hong Kong I Philippines I Australia I Dubai I USA I Canada I
United Kingdom I Germany I Switzerland I South Africa I Sudan.ramco.com
Registered Office : 47, PSK Nagar, RaJapalayam - 626 108, CIN: L72300TN1997PLC037550
Ramco Systems Limited
Corporate Office : No. 64, Sardar Patel Road, Taramani, Chennal 600 113. Website :www.ramco.com, E-mail: investorcomplaints@ramco.com
Statement of Standalone Financial Results for the Quarter & Nine Months Ended December 31, 2020
Rs. Min. | |||||||
Auditedforthe | |||||||
SI, No. | Patticulars | ||||||
Year Ended | |||||||
December 31, | September 30, | December 31, | December 31, | December 31, | March 31, | ||
2020 | 2020 | 2019 | 2020 | 2019 | 2020 | ||
1 | Income | ||||||
Revenue from operations | 984.18 | 828.39 | 696.16 | 2,569.70 | 2,347.48 | 3,058.48 | |
Other Income | 22.57 | 26.27 | 36.39 | 71.94 | 92.28 | 139.08 | |
Total Income | 1,006.75 | 854.66 | 732.55 | 2,641.64 | 2,439.76 | 3,197.56 | |
2 | Expenses | ||||||
Purchase of stock-In-trade | 2.87 | 1,64 | 1.20 | 4.54 | 5.89 | 6.60 | |
Changes In inventories of stock-In-trade | - | 0.16 | - | - | - | ||
Employee benefits expense | 371.05 | 315.14 | 325.03 | 996.02 | 930.71 | 1,217.34 | |
Finance costs | 15.60 | 22,76 | 28.26 | 63.66 | 82.13 | 107.56 | |
Depreciation and amortisation expense | 155.46 | 158.56 | 154.01 | 472.95 | 453.82 | 606.08 | |
Other expenses | 160.31 | 199.49 | 115.42 | 480.93 | 480.53 | 647.12 | |
Total Expenses | 705.29 | 697.59 | 624.08 | 2,018.10 | 1,953.08 • | 2,584.70 | |
3 | Profit/(Loss) before tax (1 - 2) | 301.46 | 157.07 | 108.47 | 623.54 | 486.68 | 612.86 |
4 | Income Tax expense | ||||||
Current tax | 54.69 | 28.28 | 8.47 | 112.67 | 71.02 | 99.43 | |
Deferred tax (Including MAT credit) | 81.71 | 45.27 | 18.13 | 174.62 | 30.80 | 264.52 | |
Total tax expenses | 136.40 | 73.55 | 26.60 | 287.29 | 101.82 | 369.95 | |
5 | Profit/Wyss) (3 - 4) | 165.06 | 83.52 | 81.87 | 336.25 | 384.86 | 248.91 |
6 | Other comprehensive income Coco | ||||||
(I) Items that will not be reclassified to profit or loss | |||||||
Remeasurement of defined benefit obligations (net) | - | - | - | 5.04 | |||
Income tax on above Items | - | - | (0.43) | ||||
Total | - | - | - | - | - | 4.61 | |
(ii) Items that may be reclassified to profit or loss | |||||||
Effect of change in functional currency of foreign operations | (0.17) | 5.98 | (6.92) | 5.46 | (11.01) | (29.24) | |
Income tax on above Items | - | - | - | - | |||
Total | (0.17) | 5.98 | (6.92) | 5.46 | (11:01) | (29.24) | |
Other comprehensive Income, net of tax (I + II) | (0.17) | 5.98 | (6.92) | 5.46 | (11.01) | (24.63) | |
7 | Total comprehensive Income (5 +6) | 164.89 | 89.50 | 74.95 | 341.71 | 37385 | 224.28 |
8 | Paid-up Equity Share Capital- Face value of Fts.10/- each | 307.09 | 306.82 | 306.35 | 307.09 | 306:35 | 306.39 |
9 | Earnings Per Share on SI. No. 5- Face value of Rs.10/- each (Annualised | ||||||
only for yearly figures): | |||||||
Basic | 5.39 | 2.73 | 2.68 | 10.98 | 12.58 | 8.13 | |
Diluted | 5.39 | 2.73 | 2.68 | 10.98 | 12.58 | 8.13 |
,
Unaudited for the Quarter Ended
ramco
Unaudited for the Nine Months
Ended
MS LIMITED
I/
P.R. Venketrama Raja
Chairman
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The Company has only one operating segment- viz., Software Solutions & Services.
M.S. JAGANNATHAN & N. KRISHNASWAMI Chartered Accountants
GS, Abirami Apartments, 14, VOC Road, Cantonment, Trichy 620001. Ph: 0431-4024657
D1, B-Block, First Floor, Parsn Paradise, 46, GN Chetty Road, T. Nagar, Chennai 600017. Ph: 044-45008214
E-Mail:Srinivasan.k@msjandnk.in; Ph: 09381721405
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF UNAUDITED QUARTERLY AND YEAR TO DATE STANDALONE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
TO THE BOARD OF DIRECTORS OF RAMCO SYSTEMS LIMITED
1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of M/s. Ramco
Systems Limited (the "Company") for the quarter ended 31 December 2020 and year to date results for the period from 01 April 2020 to 31 December 2020 (the "Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Regulation").
•
2. This Statement, which is the responsibility of the Company's Management and has been approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation, 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For M.S. Jagannathan & N. Krishnaswami
Chartered Accountants
Firm Registration Number: 0012085
K. Sriniv san
Partner
Membership No. 021510
UDIN: 21021510AAAAAL8517
Chennai
03 February 2021
Registered Office : 47, PSK Nagar, RaJapalayam • 626 108
Ramo/ Systems Li:tilted
Corporate Office : No. 64, Sardar Patel Road, Taraineni, chennai 600 113
CIN: 1.723001111997PL0337550 E-mail: investorcomplaintatrainco.com Website: www.ramco.00m Statement of Consolidated Financial Results for the Quarter & Nine Months Ended December 31, 2020
SI.
No.
Particulars
•
1 Income
Revenue from operations
Other income
Total Income
2 EA/rinses
Purchase of stock-In-trade
Changes in inventories of stock-In-trade
Employee benefits expense "
Finance costs
Depreciation and amortisation expense
Other expenses
Total Expense,
3 Profit/(Loss) before share of Profit/(Loss) of an associate and tax (1 - 2)
4 Share of Profit/(Loss) of an assodate
5 Prnilt/(1-000) before tan (3 + 4)
6 Income tax expense
Current tax
Deferred tax (includes MAT credk)
Total tax expenses
7 Eront/(1.033) (5 • 6)
8 Other comprehensive income (OCI)
(I) Items that will not be reclassified to profit or loss
Remeasurement of defined benefit obligations (net)
Income tax on above items
Total
(II) Items that may be retlassilied to profit or loss
Effect of change In functional currency of foreign
operations
Income tax on above items
Total
Other comprehensive incense, net of tax (I 4. II)
9 Total comprehensive income (7 4. 6)
10 Erorit/(1058) attributable to:
a) Share holders of the Company
b)
Non-controlling interest
11 Total comprehensive income attributable to:
a) Shore holders of the Company
b)
Non-controlling interest
12 Paid-up Equity Share Capital' Face value of 05.10/- each
13 Earnings Per Share on SI. No. 10(a)- Face value of #310/- cads, in Rs. and USD:
Bask
Diluted
(Annualised only for yearly figures)
Unaudited for the Quarter EndedDecember 31, 2020
Rs. Min.
USD Min.
September 30, 2020 Na. Min. USD Min.
,1,713.79 28.37 1,742.16
23.34 1,598.21
0.39
23.73 1,650.95
9.80 - 734.19 58.14 171.23 447.97 1,381.33 360.83
0.13 - 10.00 0.25 2.33 6.10
4.88
DeCember 3/, 2019 Rs. Min. USD Min.
.
21.56 1,470.98
52.74
0.71
21.37
22.27 1,492.35
0.07 5,61 008
- 0.16
Unaudited for the Nine months EndedDecember 31, 2020 Rs. MIS. USD Min.
ramco
December 31, 2019 Rs. Kin. USD Min.
20.81 4,764.45
Audited for the Year
Ended
March 31, 2020
Rs. 14IM USD Mln.
64.31 4,360.44
62,46 5,689.16 81.03
0.30
114.97
1.55
65.37
0.94
91.71 1.30
21.11 4,879.42
65.86 4,425.81
63.40 5,780.87 82.33
14.71
0.20
11.07
0.16
11.08 0.15
671.30 26.96 174.00 483:99
9.05 687.65
9.73 0.45 2.39 6.87 19.02
2,055.66 73.74 519.29 1,284.62 3,948.02
27.75 0.59 7.01 17.34 53.29
1,963.36 93.19 498.06 1,543.19 4,108.87
28.12 1.34 7:13 22,11 58.86 4.54
2,562.00 36.49
0.37 32,00
,
.122.05 1.74
2.35 169.24
664.65 9.47
6.53 485,65 18.37 1,380.31 3.90 112.04
2,086.00 , 29.71
18.81 1,361.13
4.92 289.82
1.59 931.40
12.57 316.94
5,443.78 77.56 335.09 4.77
- 360.83
- 4.92
- 289.82
- 3.90
112.04
•
- 1.39
- 931.40
- 12.53
- 316.94
- 4.54
2.06 0.03 337.15 4.80
84.18 95.35 179.33 181.30
1.15 1.30 2.45 2.47
50.00 70.52 120.52 169.30
0.67 0.95 1.62 2.28
17.10 35.58 52.68 59.36
0.24 0.50 0.74 0.85
183.24 255.72 436.96 492.44
2.47 3.45 5.92 6.65
104.97 48.25 153.22 163.72
1.50 0.69 2.19 2.35
119.64 1.71 108.33 1.54 227.97 &25 109.18 1.55
•
•
5,03 0.07
- -
•
•
- -
(0.43) (0.01)
-
--
--
--
-
4.60 0.06
(44.98)
0.12
(31.63)
1.47
(24.60)
(1.19)
(111.26)
1.09
16.87
(2.31)
166.90 (4.88)
- (44.98) (44.98)
- 0.12 0.12
- (31.63) (31.53)
- 1.47 1.47
- (24.60) (24.60)
- (1.19) (1.19)
- (111.26) (111.26)
- 1.09 1.09
•
•
-
18.87 18.57
(2.31) (2.31)
166.90 (4.68) 171.50 (4.82)
136.32
2.59
137.63
3.75
34.78
(0.34)
381.18
7.74
180.59
0.04
280.68 (3.27)
178.91 2.39 181.30
2.44 003 2.47
167.14 2.16 169.30
2,25 0.03 2.28
57.79 1.57 59.36
0,82 0.03 0.85
484.22 8.22 492.44
6.54 0.11 6.65
160.26 3.46 183.72
2.30 0.05 2.35
101.74 1.45 ' 7.44 0.10 109.18 1.35
133.93 2.39 136.32 307.09
2.56
135.51 2.16 137.67 306.82
3.72
33.19 1.57 34.76 306.35
(0.37)
372.96 8.22 381.18 307.09
7.63
177.13 3.46 180.59 306.35
(0.01) 0.05
273.24 (3.37)
0.03 2.59 6,06
0.03 3.75
6.05
0.03 (0.34)
6.05
0.11 7.74
6.06
0.04 6.05
7.44 0.10 280.68 (3.27) 306.39 6.05
504 5.84
0.08 0.08
5,46 5.46
0.07 0.07
1.89 1.89
0.03 003
15.81 15.81
0.21 0.21
5.24 5.24
0.08 0.08
3.32 0.05 3.32 0.05
For RAMCO SYSTEMS LIMITED
P.R. Venketrama Raja
Chairman
.
-
The amounts in brackets in the notes denote the fi ures for the corres
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For Ramco Systems Limited
M.S. 3AGANNATHAN & N. KRISHNASWAMI Chartered Accountants
G5, Abirami Apartments, 14, VOC Road, Cantonment, Trichy 620001. Ph: 0431-4024657
D1, B-Block, First Floor, Parsn Paradise, 46, GN Chetty Road, T. Nagar, Chennai 600017. Ph: 044-45008214
E-Mail:Srinivasan.k@msjandnk.in; Ph: 09381721405
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF UNAUDITED QUARTERLY AND YEAR TO DATE CONSOLIDATED FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
TO THE BOARD OF DIRECTORS OF RAMCO SYSTEMS LIMITED
1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of M/s. Ramco
Systems Limited, India (the "Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as the "Group"), and its share of the net profit / (loss) after tax and total comprehensive income / (loss) of its associate for the quarter ended 31 December 2020 and year to date results for the period from 01 April 2020 to 31 December 2020 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Regulation").
2. This Statement, which is the responsibility of the Parent's Management and has been approved by the Board of Directors of the Parent, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
This Statement includes the results of the following entities:
Parent:
Ramco Systems Limited, India
Subsidiaries: | Associate: | |
a) | Ramco Systems Corporation, USA | a) City Works (Pty) Ltd., South Africa |
b) | Ramco Systems Canada Inc., Canada | |
c) | Ramco Systems Ltd., Switzerland | |
d) | Ramco Systems Sdn. Bhd., Malaysia | |
e) | Ramco Systems Pte. Ltd., Singapore | |
f) | RSL Enterprise Solutions (Pty) Ltd., South Africa | |
g) | Ramco Systems FZ-LLC, Dubai |
M.S. JAGAN NATHAN & N. KRISHNASWAMI Chartered Accountants
•
G5, Abirami Apartments, 14, VOC Road, Cantonment, Trichy 620001. Ph: 0431-4024657
D1, B-Block, First Floor, Parsn Paradise, 46, GN Chetty Road, T. Nagar, Chennai 600017. Ph: 044-45008214
E-Mail:Srinivasan.k@msjandnk.in; Ph: 09381721405
h) | RSL Software Company Ltd., Sudan |
i) | Ramco Systems Australia Pty. Ltd., Australia |
j) | Ramco System Inc., Philippines |
k) | Ramco Systems (Shanghai) Co. Ltd., China |
I) | Ramco System Vietnam Company Ltd., Vietnam |
m) | PT Ramco Systems Indonesia, Indonesia |
n) | Ramco Systems Macau Ltd., Macau |
4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
5. The Statement also includes the Group's share of net profit/loss in respect of an Associate based on their interim financial statements / financial information / financial results which have not been reviewed/audited by their auditors. According to the information and explanations given to us by the Management, these financial statements / financial information! financial results are not material to the Group.
Our conclusion on the Statement is not modified in respect of the above matter.
For M.S. Jagannathan & N. Krishnaswami
Chartered Accountants
Firm Registration Number: 001208S
A. orY-r-r-
K. Srinivasan Partner
Membership No. 021510
UDIN: 21021510AAAAAM9036
Chennai
03 February 2021
Ramco Systems Limited | ramco |
Registered Office : 47, PSK Nagar, Ralapalayam - 626 108. | |
Corporate Office : 64, Sardar Patel Road, Taramani, Chennal 600 113. | |
Extract ofConsolidated Financial Results for the Quarter & Nine Months EndedDecember 31, 2020 | |
Auditedfor the Year | |
Ended |
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September 30, 2020
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360.83
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360.83 3.90
Net profit / (loss) for the period after-tax (after exceptionalItems) 2.28
Total comprehensive income for the period (comprising profit/ (loss) for the period (after tax) and other comprehensive income (after tax))
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The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Company's website atwww.ramco.com and BSE website www.bseindia.com.and NSE website www.nseindia.com.
N
The above consolidatedfinancial results of Ramco Systems Limited, India (the "Company"), its subsidiaries, (together referred to as "Group')and.its Associate were reviewedby the AuditCommittee and approved by the Board ofDirectors in its meeting held on February 03, 2021. The ConsolidatedFinancial Results are prepared in accordance with the Indian Accounting Standards (Ind-AS) as presaibed under Section 133 of the Companies Act, 2013 read with the relevant rules Issued thereunder. The Statutory Auditors have carried out a limited review of the above results and have issued an unmodified review report.
111
Key numbers ofStandalone Financial Results of the Company for the Quarter & Nine Months ended December 31, 2020 are as below:
Rs. Mln.
t a
m
o
0 5
Lu
C
Unauditedfor the Nine Months EndedAuditedfor the Year EndedDecember 31, 2020
September 30, 2020
December 31, 2019
December 31, 2020
ca ,a co
01
March31, 2020
Total Income from operations Profit / (loss) before tax
1,006.75
Net profit / (loss) after tax
301.46 165.06
Total comprehensive income for the period (comprising profit / (loss) for the period (after tax ) and other comprehensive Income (after tax))
164.89
A Li in in .: 0 -
10 N N 0 6 o lll WI
732.55 108.47 81.87 74.95
CAI 4 r• l' A (4
A A N r. .4 6 6 .-i
2,439.76 3,197.56
486.68 612.86
In •••1
384.86 248.91
373.85 224.28
11
Figures for the previous period(s) have been regrouped / restated wherever necessary to make them comparable with the figures for the current period(s).
By order of the Board For Ramco Systems limited
-
C
Place : Chennai
Date :February 03, 2021
CC n" ENHNAI
P.R Venketrama Raja
Chairman
· PRESS RELEASE
ramco
RAMCO 03 RESULTS: FY 20 - 21
Ramco Systems Q3 Revenue grows 8% QoQ and
Order booking 45% QoQ
Aviation, Aerospace & Defense continues to win the trust of leading MROs and Defense majors; expands product functionality to address Drones, eVTOL, Space Launch Vehicles
• Logistics emerges as a growth driver as eCommerce and change in distribution patterns spark market demand
• Panership with leading Global HCM players spu demand for Global Payroll
• Leading Business conglomerates choose Ramco ERP for driving enterprise-wide Digital Transformation
Chennai, India - February 03, 2021: Ramco Systems (BSE - 532370, NSE - RAMCOSYS); a global enterprise software company focusing on Next Generation Cloud Enterprise Applications, today announced the results for the third quaer of 2020-21.
For the quaer ended December 31, 2020 (Q3: 2020-21), global consolidated income of Ramco Systems Limited stood at USD 23.73m (Rs 174.22 er). The net profit after tax for the quaer, amounted to USD 2.44m (Rs 17.89 er), as against net profit of USD 0.82m (Rs 5.78cr) in the same period, previous year.
Q3 Financial Highlights:
• Quaerly order bookings stood at USD 38.40m, 45% growth over Q2
• Six 'Million-Dollar-Plus' deals signed; with average deal size moving beyond 1Mn USD
• Quaerly revenue stood at USD 23.34m, 8% growth over Q2
• EBITDA showed a healthy growth at 32% in Q3
Q3 Business Highlights:
• Ramco Aviation signs off the quaer on a high note -
o Iberia Maintenance, one of Europe's leading MRO service providers in IAG Group chooses Ramco to digitally transform its business operations on a unified platform
o With world's largest commercial fleet of tactical ex-military aircraft onboard, four of the top U.S. ADAIR (Adversary Air Services) Operators now trust Ramco
• Ramco ERP announces digital transformational program at DLF Limited enhancing customer journey with an end-to-end digital experience
• Thrust on covering 50+ country payroll compliance on a single platform, and delivering best payroll experience, brings home the 2020 HR Vendors of the Year Awards for Best Payroll Software and Best Payroll Outsourcing provider
• Logistics business sees record revenue with large clients onboarded during FY 21; positive momentum in pipeline triggered by surge in eCommerce
Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "The pandemic has stepped up the.need for organizations to go digital to survive and grow. It has helped speed up the transformation agenda for businesses, globally. We see this as an oppounity for organizations to relock at their existing processes and adopt newer ways to experience exponential savings in time, cost and effo. It is this focus that we place on delivering measurable results, that has helped us continue to win the trust of global businesses. With focus on technology and innovation we are here to define the new normal."
Copyright 2021, Ramco Systems Limited. Information subject to change. All rights acknowledged.
PRESS RELEASE
ramco
RAMCO 03 RESULTS: FY 20 - 21
About Ramco Systems:
Ramco is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD 1 billion Ramco Group, Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. On Innovation front, Ramco has been focusing on moving towards Active ERP leveraging Artificial Intelligence and Machine Learning and Event Driven Architecture by building features such as Talk It - which allows transactions to be carried out by simple voice commands, Bot it - which allows users to complete transaction using natural conversations; Mail It- transact with the application by just sending an email; HUB It- a one screen does it all concept built to address all activities 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 1800+ employees spread across 24 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!
Leader in NelsonHall's NEAT Matrix for Next Gen Payroll Services
Winner of 2020 ISG Paragon Awards Asia Pacific, for 'Transformation' and 'Collaboration' Winner Global Payroll Transformation Project of the Year - 2019 by Global Payroll Association Positioned as Major Contender in Everest Group's Multi-Country Payroll Platform PEAK Matrix
For more information, please visithttp://www.ramco.com/
Follow Ramco on Twitter @ramcosystems and stay tuned tohttp://blogssamco.com
For further information, please contact:
Vinitha Ramani +91 -9840368048 vinitharamaniAramco.com
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT business including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Ramco Systems may, from time to time, make additional written and oral forward-looking statements, including statements contained in our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.-
For RAMCO SYSTEMS LIMITED
P.R. Venketrama Raja
Chairman
Copyright 2021, Ramco Systems Limited. Information subject to change. All rights acknowledged.
ramco
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Ramco Systems Limited published this content on 03 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2021 17:49:01 UTC.
