HCM grows 167% YoY and 63% QoQ; says it gained major inroads into global markets
Enterprise software company Ramco posted a global consolidated income of USD 16.48m (Rs 102 cr) for the quarter ended March 31, 2015 (Q4: 14-15). The revenue showed a growth of 37% YoY in dollar terms.
The net profit after tax for the quarter, amounted to USD 0.71m (Rs.4.4 cr). The currency headwinds contributed to an adverse impact on the results to the extent of USD 0.87m (Rs 5.3 cr).
For the year ended March 31, 2015 (FY: 2014-15), global income of Ramco Systems Limited was USD 60.26m (Rs 365 cr). The net profit after tax for the year grew 153% and stood at USD 2.09m (Rs 12.7cr). Revenue from markets outside India stood at 72% compared to 69% the previous year.
“Since the global launch of Ramco HCM and Payroll on Cloud, the product has garnered good traction across markets. Multi-country Payroll, Mobility, and Intuitive user experience is driving the product to add on an average 1 new customer a week,” announced the press release.
It further stated that Ramco ERP on Cloud showed healthy growth with key wins from Asset-centric organizations, EPC, Facility Management and Services segment.
Sharing his focus for the year ahead, Virender Aggarwal, CEO, Ramco Systems, said, “The era of seeing ERP as an automation tool is passé. Today, organizations are looking for applications that are intuitive, intelligent and highly user-centric. HUB from Ramco is aimed at addressing the new-age ERP buyer who is looking at applications not as a ‘System of record’ but as a ‘System’ capable of understanding the user, making intelligent suggestions and auto completing the regular tasks. With one screen for each role, HUB will be a powerful addition that will help in productivity improvement at all levels. We look forward to rolling this out in phases this year.”