{"id":9099,"date":"2018-02-07T15:46:23","date_gmt":"2018-02-07T15:46:23","guid":{"rendered":"http:\/\/faceinews.com\/?p=9099"},"modified":"2018-02-07T15:46:23","modified_gmt":"2018-02-07T15:46:23","slug":"ramco-announces-q3-results","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=9099","title":{"rendered":"Ramco Announces Q3 results"},"content":{"rendered":"<p>Global brands continue to trust Ramco<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A top Fortune 50 company signs up with Ramco<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0YTD Q3 revenue grows 9% while booking grows 21%<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Indonesia, Philippines and Singapore show strong pipeline build up in Asia<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0After Cloud Finance &amp; HCM \u2013 Ramco EAM positioned in Gartner Magic Quadrant<\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p>Chennai, India \u2013\u00a0<span data-term=\"goog_1920470089\">February 7, 2018<\/span>: Ramco Systems (BSE &#8211; 532370, NSE \u2013 RAMCOSYS);\u00a0a global enterprise software company focusing on enterprise cloud platform, products and services, announced the results for the third quarter of financial year 2017-18.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">For the quarter ended Dec 31, 2017 (Q3: 2017-18), global consolidated income of Ramco Systems Limited stood at USD 19.78m (Rs 127.63 cr) as compared to USD 18.34m (Rs 117.21 cr), in the previous quarter. The net profit after tax for the quarter stood at USD 0.55mn (Rs 3.56 cr) despite headwinds on account of Forex loss which impacted bottom line to the tune of USD 0.83m (Rs 5.34 cr) as against a Forex gain of USD 0.89m (Rs 5.67 cr) in previous quarter.<\/p>\n<p style=\"font-weight: 400;\"><strong>Financial highlights:<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\">Q3 Revenue grows 8% QoQ and 15% YoY<\/li>\n<li style=\"font-weight: 400;\">Average deal size continues to rise with 12 \u2018half-a-million dollar plus\u2019 deals in Q3<\/li>\n<li style=\"font-weight: 400;\">Cloud bookings stood at 54% on a YTD basis, ensuring recurring revenue build up for the future<\/li>\n<li style=\"font-weight: 400;\">In line with the previous quarters, unexecuted order book grows to 140 mn; Q3 order bookings stood at USD 24.5 mn<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><strong>Geography highlights:<\/strong><\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Revenue from markets outside India stood at 80%<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Asia registered stellar performance on both booking and revenue;<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">o\u00a0\u00a0\u00a0\u00a0Myanmar, Indonesia, Philippines and Singapore to be key markets driving Asia growth; reinforcing the focus and investments made in newer geographies in Asia<\/p>\n<ul>\n<li style=\"font-weight: 400;\">North America recorded its highest revenue in last 5 years, a positive trend showing the product gaining acceptance in mature and highly competitive markets<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><strong>Business highlights:<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\">Focus offerings (Logistics &amp; Global Payroll led HCM) contribute 62% of overall order booking for Q3<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">o\u00a0\u00a0\u00a0\u00a0Ramco HCM added one of the top five Fortune 100 giant as its customer; Q3 revenue from HCM grew 28% QoQ with acceptance coming from marquee logos<\/p>\n<p style=\"font-weight: 400;\">o\u00a0\u00a0\u00a0\u00a0For second quarter in a row, the largest order was booked for Logistics business<\/p>\n<p style=\"font-weight: 400;\">o\u00a0\u00a0\u00a0\u00a0Aviation continues to dominate the Heli (Specialty Operators) with 7 of the top 10 heli-operators using Ramco M&amp;E MRO software. To tap small operator segment, launch of Aviation LITE on Cloud is scheduled at Heli Expo 2018, Las Vegas<\/p>\n<ul>\n<li style=\"font-weight: 400;\">After entering Gartner Magic Quadrant for Cloud Financials and Cloud HCM, Ramco becomes the only Asia based vendor to enter Gartner\u2019s Magic Quadrant for Enterprise Asset Management \u2013 with this mention, three of Ramco\u2019s five product suites are in the Gartner Magic Quadrant<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p>Commenting on the results,\u00a0P.R. Venketrama Raja, Chairman, Ramco Systems,\u00a0said,\u00a0\u201cThe simplification exercise we embarked upon from an offering, operations, focus markets and product user experience perspective have started yielding the desired results. We will continue to build on our strengths and define the future in this space.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Commenting on the performance,\u00a0Virender Aggarwal, CEO, Ramco Systems, said, \u201cWith three of the top 4 consulting companies reposing their trust on Ramco platform, I am delighted to see the endorsements we are gaining and the growth witnessed, globally. We identified a blue ocean in Multi Country Payroll and Logistics which hitherto had limited competition as no major vendor offered the broad spectrum of coverage as we do. With three consecutive quarters of strong order book, the focus will continue to be on driving Innovation and simplification in everything we do.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>About Ramco Systems:<\/p>\n<p style=\"font-weight: 400;\">Ramco is a fast-growing enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&amp;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 Cognitive and Robotic ERP with features such as\u00a0<strong>Bot it\u00a0<\/strong>\u2013 which allows users to complete transaction using natural conversations;\u00a0<strong>Mail It<\/strong>\u00a0\u2013 transact with the application by just sending an email;\u00a0<strong>HUB It<\/strong>\u00a0&#8211; a one screen does it all concept built to address all activities of a user;\u00a0<strong>Thumb It<\/strong>\u00a0\u2013 mobility where the system presents users with option to choose rather than type values and\u00a0<strong>Prompt It<\/strong>\u00a0\u2013 a cognitive ability which will let the system complete the transaction and prompts the user for approval.<\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">With 1600+ 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\u2019s\u00a0<span data-term=\"goog_1920470090\">Monday<\/span>!<\/p>\n<p style=\"font-weight: 400;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Only APAC vendor to be positioned in Gartner Magic Quadrant for Cloud Financials, Cloud HCM and EAM;<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Enters as a Contender in The Forrester Wave(TM): SaaS Human Resource Management Systems, Q3 2017<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Recognized as a \u2018Highly Recommended\u2019 Payroll Software Supplier of the Year 2017 by Global Payroll Association; Positioned as \u2018Achiever\u2019 in Everest Group&#8217;s Multi-Country Payroll Platform Assessment;<\/strong><\/p>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\">For more information, please visit\u00a0<a href=\"http:\/\/www.ramco.com\/%0d\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/www.ramco.com\/%250d&amp;source=gmail&amp;ust=1518103454280000&amp;usg=AFQjCNHtoGZksYnFiy1atu5yj5jtAlcJOQ\">http:\/\/www.ramco.com\/<\/a><\/p>\n<p style=\"font-weight: 400;\">Follow Ramco on Twitter\u00a0<a href=\"https:\/\/twitter.com\/RamcoSystems\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=https:\/\/twitter.com\/RamcoSystems&amp;source=gmail&amp;ust=1518103454280000&amp;usg=AFQjCNG-Gqf1ZHD6xHIz1p9bP2qN-Y3Wjw\">@ramcosystems<\/a>\u00a0and stay tuned to\u00a0<a href=\"http:\/\/blogs.ramco.com\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/blogs.ramco.com&amp;source=gmail&amp;ust=1518103454280000&amp;usg=AFQjCNHzVEoNnDNGHGYRLs3DfkY69jFf5g\">http:\/\/blogs.ramco.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global brands continue to trust Ramco \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A top Fortune 50 company signs up with Ramco \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0YTD Q3 revenue grows 9% while booking grows 21% \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Indonesia, Philippines and Singapore show strong pipeline build up in Asia \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0After Cloud Finance &amp; HCM \u2013 Ramco EAM positioned in Gartner Magic Quadrant Chennai, India \u2013\u00a0February 7, 2018: Ramco Systems [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-9099","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/9099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9099"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/9099\/revisions"}],"predecessor-version":[{"id":9100,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/9099\/revisions\/9100"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}