Ramco Q3 revenue grows 8% QoQ

Ramco Systems has announced the results for the third quarter of FY14.

For the quarter ended December 31, 2013 (Q3:13-14), the company's global revenue, including earnings from subsidiaries in USA, Canada, Switzerland, Singapore, Malaysia, Australia, South Africa and Dubai stood at Rs. 67.65 cr, registering a growth of 8% quarter-on-quarter.

While the company's order book grew by 22% QoQ, its Non-India revenue registered a growth of 16% QoQ and 42% YoY.

Its strategy to go global has also started to pay off as it has roped in global players such as WNS and Cazar to strengthen its HCM push in international markets.

Commenting on the results, P R Venketrama Raja, vice-chairman and MD, Ramco Systems, said "Our three-pronged approach to go global, focus on three core offerings and work towards improving operational efficiencies have started bearing results. Our products have started getting global recognition and acceptance. With enterprises looking at applications to support their need to build a ‘digital enterprise', the market opportunity looks optimistic. As we continue to invest in building our capabilities to address the digital needs of an enterprise, we are looking forward to play a pivotal role in the enterprise applications space, globally."