RAMCO defies the industry trend, grows exponentially, Profit up by 189% YoY

Posted on Posted in 2016, APAC, Financial Results, HRO News

RAMCO

You thought industry is in doldrums and struggling to maintain top & bottom line, RAMCO is here to prove everyone wrong, just going against the wind. Industry leaders like Infoys, TCS, Wipro are struggling to maintain a steady growth engine where RAMCO claims to have grown by 25%.

Recent press release suggest, For the year ended March 31, 2016 (FY: 2015-16), global income of Ramco Systems Limited was USD 69.97m (Rs 454 cr). The net profit after tax for the year stood at USD 6.03m (Rs 39.2cr). Revenue from markets outside India stood at 74% compared to 72% the previous year.

Ramco Systems records 25.4% growth in topline in constant currency & 16% on USD for FY; Profit up by 189% YoY

For the quarter ended March 31, 2016 (Q4: 2015-16), global consolidated income of Ramco Systems Limited stood at USD 18.57m (Rs 124.7 cr). The revenue showed a healthy growth of 12% YoY in dollar terms and 22% YoY on constant currency. The net profit after tax for the quarter, amounted to USD 1.55m (Rs.10.4 cr).

Ramco is a fast growing enterprise software player disrupting the market with its multi-tenanted cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation. Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. On the Innovation front, Ramco has been focusing on moving towards Cognitive and Robotic ERP

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