Ramco systems NP at Rs 4.77 crore

The total income for the year ending March 31, 2011 grew to Rs 157.73 crore from Rs 108.55 crore

PTI | June 1, 2011



Software and services company Ramco Systems Ltd reported net profit at Rs 4.77 crore for the year ending March 31, 2011.

The city-headquartered company reported a net loss of Rs 1.09 crore in the same period of previous year, a company statement here said.

The total income for the year ending March 31, 2011 grew to Rs 157.73 crore from Rs 108.55 crore, it said.

"The year 2010-11 has been a very important one for us as we embarked on a drive to enhance our brand image through marketing initiatives on print, outdoor and online media. This coupled with a strong cloud offering has helped us position Ramco as a leading player in the cloud ERP space. " Ramco Systems Managing Director and CEO P R Venketrama Raja said.

"As we step into the next phase of growth, powered with strong offerings in both private and public Cloud, Aviation and analytics, we look forward to good growth in the business in the year ahead," he added.

Ramco Systems currently has 15 offices across India, USA, Canada, Europe and in the Middle East, the statement added.

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