Ramco Q2 report card out: added 33 clients

CHENNAI, INDIA: Ramco Systems Limited, a company focused on consulting, products, and managed services,  announced, the results for the second quarter of FY 2010-11.

For the first half of the year (H1: Apr-Sep '10), total global revenues of Ramco Systems Limited, including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at $20.90 mn (Rs 95.15 cr). The profit for the first half of the year stood at $0.17 m (Rs 0.79 cr).

Other business highlights show that it has added 33 new customers; seen good traction for Ramco OnDemand ERP, backed by a strong marketing campaign and made major inroads for its Aviation business, globally.

A press release tells it signed a prestigious contract with National Aviation Company of India Limited (NACIL) for Maintenance, Repair & Overhaul (MRO) suite of Aviation software offerings; won fleet and MRO deals in the Americas & Indonesia and orders from Gulf Petrochem and Gulf Precast Concrete Company L.L.C. (GPCC), two leading, high-growth UAE companies in their respective industry segments, to offer its full-suite of Ramco Enterprise Series Solution.

The company added - During this quarter, the company launched an upgraded version of its SaaS based ERP - Ramco OnDemand ERP 2.0 - India's first full-fledged ERP offering on the cloud. RODE 2.0 adds significant functionalities, features, and modules over the earlier offering. The ERP offering has a rich user interface and comes with a unique set of extension / customization capabilities. Ramco Systems launched its newest Enterprise Solutions set for the Medical-Hospital-Healthcare sector in the Americas.

P.R. Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems said, - "This has been a very important quarter for us at Ramco, as we embarked on a large-scale marketing campaign to promote our SaaS based offering - Ramco OnDemand ERP in print and outdoor media. In addition to tremendous market response, the campaign has also helped us position Ramco as an ERP company having a strong national presence. We believe, with strong products and a successful customer base, we are well positioned to tap the hitherto untapped SaaS based ERP market in India. We are also witnessing a surge in demand for our Aviation software, globally and are confident of positive growth in the business. Financially, we have continued to have a breakeven quarter and look forward to positive growth in the quarters ahead."