📋 Tender Overview
Ramco Systems a global enterprise software company focusing on Next Generation Cloud Enterprise Applications announced the results for the first quarter of the financial year 2022-23.For the quarter ended June 30 2022 Q1 2022-23 global consolidated income of Ramco Systems Limited stood at USD 15.84m Rs 120.9cr. The net loss after tax for the quarter amounted to USD 6.64m Rs. 50.7cr.Q1 HighlightsQuarterly order booking stands at USD 21.77m highest in the last five quartersRamco Global Payroll HR business unit witnesses 85 growth in order bookings QoQ5 Million-Dollar-Plus deals signedWins during the quarter include 5 orders from Fortune 200 companiesNewly formed U.S. based defense subsidiary bags first order from a leading MRO defense prime contractorVoice-enabled transactions on Ramco CHIA for enhanced employee experienceIncreased automation leveraging RPA to fast-pace customer deliveries leading to quicker go-livesContinue to strengthen footprint in the US Successful implementation of Ramco ERP at a US-based leading facility management and commercial cleaning service provider offering 360-degree view of its business operationsCommenting on the results P.R. Venketrama Raja Chairman Ramco Systems said Our investments in the automation of implementation and deployment processes have started showing results in reliable and faster project deployments and are thereby improving our ability to provide enhanced customer experience.The current quarter witnessed improved order booking as a result of most markets opening up their borders thereby enabling closer in-person engagements with customers and prospects. This positive momentum is seen across business lines and geographies in line with the investments we have made in last few quarters added Raja.
