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Ramco Systems Q1 net profit at Rs 6.7 crore, six USD million deals added
Ramco Systems, a global enterprise software company focusing on enterprise cloud platform, products and services, reported the results for Q1 of 2018-19.
By
migrator
migrator
Chennai
The global consolidated income of Ramco Systems stood at $19.33m (Rs 127.7 cr) for the quarter ended June 30, 2018, as compared to $17.55m (Rs 112.8 cr), in the same quarter last year. The net profit after tax for the quarter, grew 54% QoQ to $1.02m (Rs 6.7 cr) as compared to $0.66m (Rs 4.2 cr), in the previous quarter.
PR Venketrama Raja, Chairman, Ramco Systems, said, “Beating the traditional trend of a muted Q1, we have maintained a healthy start to business this year. With focus markets and offerings delivering as expected, the future looks promising.”
“Our thrust on Innovation by delivering a frictionless experience through voice bots on Google Assistant and Alexa has caught the market’s attention. The strategy we embarked upon has been working well for us and we will continue to press on the same,.” he added.
Financial highlights – Q1
- Revenue grew by 11% YoY to $19.02 mn
- Six ‘million-dollar-plus’ deals were added in the quarter
- Order bookings in the quarter stood at $ 25.61m primarily contributed by Logistics, Aviation and ERP
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