Headquartered in Chennai, Ramco Systems Limited (RSL) is a leading cloud-based technology company with global operations. It is engaged in providing Enterprise Resource Planning, Human Capital Management and Aviation Maintenance & Engineering (M&E) & Maintenance Repair & Overhaul (MRO) software to its customers across the globe. The company is a part of Ramco Group and has around 1800+ employees spread across 24 offices globally.
Massive applications (like ERP, Payroll, HCM, etc.) that used to be run from private data centers are now running on third party / hosted environments (based on cloud technology) and the client companies are just subscribing to the service.
Financial Results:
Ramco Systems Ltd.’s revenue in Q3FY23 rose 1% to ₹ 1,275 millions. Consolidated Loss After Tax came at ₹ 503 millions. In this quarter’s results, the reports suggested that the persistent losses are due to the high levels of expenditure.