Stock Report

Ramco Systems FY22 Revenue stands at USD 71.93m

Posted On : 2022-05-19 22:03:46( TIMEZONE : IST )

Ramco Systems (BSE - 532370, NSE - RAMCOSYS); a global enterprise software company focusing on Next Generation Cloud Enterprise Applications, today announced the results for the fourth quarter and financial year 2021-22.

For the year ended March 31, 2022 (FY: 2021-22), global income of Ramco Systems Limited was USD 73.18m (Rs 540.4cr). The net loss after tax for the year stood at USD 9.94m (Rs 73.4cr).

For the quarter ended March 31, 2022 (04: 2021-22), global consolidated income of Ramco Systems Limited stood at USO 16.77m (Rs 125.2cr).

FY22 Financial Highlights:

- Order booking stands at USD 64.78 m
- 13 'Million-Dollar-Plus' deals signed
- Company continues to remain debt-free

FY22 Business Highlights:

- Improved operational efficiency and project execution continue to drive business forward
- Asia is showing signs of returning to normalcy with decent increase in engagement levels
- Investments in Defense have started to yield results, and showing over75% YoY increase in pipeline
- Major product enhancements and feature releases as a part of Ramco Aviation, Aerospace & Defense thereby augmenting shopfloordigitization and paperless operations
- Ramco HR & Global Payroll is at 24% CAGR for five years on recurring revenue
- Workday certifies Ramco as a 'Workday Global Payroll Certified Integrator' for 7 additional countries,
- Feature rollouts infused with Artificial Intelligence, Machine Leaming as a part of Ramco Global Payroll to empower end users
- Plans to launch a center in Madurai, Tamil Nadu, to tap talent

Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "Ramco Systems is celebrating its silver jubilee this year and it is indeed heartening to look back on the 25 years of innovation and the legacy the company has built. With a strong set of clients and distinctive offerings, we confidently look forward to the coming year. With investments focused in the right direction and with global expansions we will continue to make the company stronger."

Shares of Ramco Systems Limited was last trading in BSE at Rs. 247.55 as compared to the previous close of Rs. 266.45. The total number of shares traded during the day was 36428 in over 3101 trades.

The stock hit an intraday high of Rs. 266.35 and intraday low of 240.10. The net turnover during the day was Rs. 9222148.00.