Ramco Systems Q1 net profit grows 54% QoQ
|Focus on key offerings continues to build momentum; Logistics-led business contributes 23% of Q1 order book|
Ramco Systems (BSE – 532370, NSE – RAMCOSYS); a global enterprise software company focusing on enterprise cloud platform, products and services, today announced the results for the first quarter of 2018-19.
For the quarter ended June 30, 2018 (Q1: 2018-19), global consolidated income of Ramco Systems Limited stood at USD 19.33m (Rs 127.7 cr) as compared to USD 17.55m (Rs 112.8 cr), in the same quarter last year. The net profit after tax for the quarter, grew 54% QoQ to USD 1.02m (Rs.6.7 cr) as compared to USD 0.66m (Rs 4.2 cr), in the previous quarter.
Financial highlights – Q1:
Geography highlights – Q1:
Business highlights – Q1:
Commenting on the results, P.R. 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.”