Ramco Systems gains on launching ERP for professional services industry

12 Jun 2014

Ramco Systems is currently trading at Rs. 205.00, up by 1.15 points or 0.56% from its previous closing of Rs. 203.85 on the BSE.

The scrip opened at Rs. 202.80 and has touched a high and low of Rs. 205.00 and Rs. 202.80 respectively. So far 2100 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 238.67 on 07-Mar-2014 and a 52 week low of Rs. 64.39 on 04-Jul-2013.

Last one week high and low of the scrip stood at Rs. 210.00 and Rs. 185.00 respectively. The current market cap of the company is Rs. 486.69 crore.

The promoters holding in the company stood at 70.70%, while Institutions and Non-Institutions held 5.09% and 24.21% respectively.

Ramco Systems has launched Ramco Services Resource Planning (SRP), an ERP to serve the needs of Professional Services Segment. The company has transformed itself into a Global Enterprise Cloud provider with comprehensive offerings to address ERP, HR, Aviation MRO and Asset Management needs. The company’s cloud based revenue grew 110% in FY 2013-14 as compared to the previous year.

From being seen predominantly as a domestic player, Ramco today clocks 69% of its revenue from markets outside India, a trend reinforcing the global acceptance of its cloud offerings. Ramco’s partner strategy has seen a revamp with the company announcing that all enterprises in the small to midsize segments will be addressed exclusively through channel partners with support from Ramco team. The company has also added marquee clients in the last financial year including leading retail chains Sharaf DG, Redtag (Middle East), wine distributor - MHW (Americas), Mother Dairy in India, Norske Skog in Australasia, Malaysia Airlines, DanCopter and others.

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.

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615.85 -3.45 (-0.56%) Feb 25, 13:53
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