Ramco's revenue up by 25%

Ramco
Systems, a leading software company focused on consulting, products
and managed services, announced the results for the first quarter of
FY 2011-12.

For the
quarter ended June 30, 2011, global income of Ramco Systems,
including revenues from subsidiaries in USA, Canada, Switzerland,
Singapore, Malaysia and South Africa stood at $ 12.89 mn. The profit
for the quarter stood at $ 0.12 mn, as against last year's
corresponding quarter profit of $ 0.06 mn. The company grew by 25%
y-o-y in Q1, 2011-12. India, including Middle East and Africa
contributed 52%, followed by America with 27%. While Ramco OnDemand
ERP continued to show steady growth.

Commenting
on
the results, PR Venketrama Raja, vice chairman, MD and CEO, Ramco
Systems, said, “We are stepping into the next phase of our
marketing campaign with a radical message that is bound to stir the
conventional ERP market. In the last few years, our Cloud ERP has
matured and garnered significant user base. With the launch of
Analytics on the Cloud, we now offer a complete suite of application
software that covers the entire business lifecycle from the shop
floor to the boardroom, on the cloud. In addition, there is also good
demand for our aviation, government and banking analytics offerings,
which, along with our cloud offerings will be thrust areas for growth
in the coming quarters.”

Ramco also
launched 2 new products on the cloud-Ramco OnDemand Analytics and
Ramco OnDemand Gateway products. The company also launched its
flagship annual awards-the Ramco Think Ahead Awards, to recognize
and reward customers and incorporated a wholly owned subsidiary named
Ramco Systems FZ-LLC in Dubai.