{"id":143430,"date":"2023-03-28T07:50:39","date_gmt":"2023-03-28T11:50:39","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143430"},"modified":"2023-03-28T07:50:40","modified_gmt":"2023-03-28T11:50:40","slug":"ramco-systems-ltd-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ramco-systems-ltd-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Ramco Systems Ltd Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Ramco Systems Ltd (RAMCOSYS) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:03:45] RAMCOSYS said the company recorded its highest ever bookings in eight quarters for 3Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:05:53] RAMCOSYS\u2019 attrition came down by 6 percentage on a TTM basis, with the trend declining.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:09:26] Vivek Turaga from Bestpals Research asked about the sustainability of booking given the macro environment. P.R.Venketrama Raja MD replied that bookings are growing and pipeline are getting converted in a healthy rate. RAMCO expects the momentum to continue.<\/li>\n<\/ul>\n<ul>\n<li>[00:15:20] Sujana enquired about the total unexecuted order book in 3Q23 and pipeline orders. P.R.Venketrama Raja MD replied that it was 191 million and pipeline orders is 600 million.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:28] Rohit Balakrishnan of ithought PMS enquired by when the company thinks it would become profitable from a P&amp;L point of view. R Ravi Kula CFO replied that the company is working on strengthening activity and it should start showing the results. Also the immediate target is to be cash neutral than becoming profitable from a P&amp;L point of view.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:24] Rohit Balakrishnan of ithought PMS asked about the progress of going live in a lot of the western world. P.R.Venketrama Raja MD answered that in 3Q23 the company had seven more countries certified in the Workday and that progress is continuing.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:39] Rohit Balakrishnan of ithought PMS enquired about the problems in the Asian markets and the situation now. P.R.Venketrama Raja MD replied that major business is from Asia Pacific and out of 27.56 million, around 15 million is coming from there. Also there is good pipeline and deals moving in Asia and all geographies excluding Greater China and Hong Kong.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:22] Dhruvesh Sanghvi with Prospero Tree queried about the overall cost rising of different heads considering RAMCO\u2019s plans materializes in the next 24 months. P.R.Venketrama Raja MD clarified that the company is expecting cost rise only mostly in the sales and market facing role. However, not much raise is expected as RAMCO has invested in automation.<\/li>\n<\/ul>\n<ul>\n<li>[00:35:50] Dhruvesh Sanghvi with Prospero Tree asked about the write-offs that are non-cash but coming in expense for nine months FY23. P.R.Venketrama Raja MD said that it\u2019s $6 million.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:29] Dhruvesh Sanghvi with Prospero Tree enquired about the search progress for a new CEO. P.R.Venketrama Raja MD answered that the team is executing well and things are stabilizing. Therefore, the company is not looking at a CEO currently.<\/li>\n<\/ul>\n<ul>\n<li>[00:38:37] Rahil Shah asked about revenue and margin outlook for 4Q23 and FY24. P.R.Venketrama Raja MD replied that 4Q23 and FY24 is looking promising from a order booking perspective and good traction can be seen. So revenue and margin for 4Q23 can be seen in the similar lines of 3Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:56:39] Rohit Balakrishnan of ithought PMS asked about the mix of business 2-3 years from now. P.R.Venketrama Raja MD answered that aviation and HRP were doubled at the beginning of the year and it\u2019s firing on all cylinders. Post that, ERP will be done which will see an uptick sooner.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Ramco Systems Ltd (RAMCOSYS) Q3 FY23 Earnings Concall Management Update: [00:03:45] RAMCOSYS said the company recorded its highest ever bookings in eight quarters for 3Q23. [00:05:53] RAMCOSYS\u2019 attrition came down by 6 percentage on a TTM basis, with the trend declining. Q&amp;A Highlights: [00:09:26] Vivek Turaga from Bestpals Research asked about the [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[10169,8536],"class_list":["post-143430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-earnings","tag-software"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":138624,"url":"https:\/\/alphastreet.com\/india\/infosys-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":143430,"position":0},"title":"Infosys Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 13, 2023","format":false,"excerpt":"https:\/\/youtu.be\/j6PtlbO6k30 Key highlights from Infosys Ltd (INFY) Q3 FY23 Earnings Concall Management Update: [00:02:10] INFY had record-breaking 32 large deals in 3Q23 worth $3.3 billion, the highest deal value in eight quarters. The company added that this is the largest number of large deals in company\u2019s history, with 36% of\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146463,"url":"https:\/\/alphastreet.com\/india\/ramco-systems-ltd-q4fy23-results-out-revenue-grows-by-2\/","url_meta":{"origin":143430,"position":1},"title":"Ramco Systems Ltd Q4FY23 results out, revenue grows by 2%","author":"Chirag Gupta","date":"May 17, 2023","format":false,"excerpt":"Ramco Systems is an enterprise software player having multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. The company is a part of Ramco Group. It is headquartered in Chennai, and has around 1800+ employees spread across 24 offices globally.\u00a0 Ramco Systems\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142843,"url":"https:\/\/alphastreet.com\/india\/black-box-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":143430,"position":2},"title":"Black Box Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 27, 2023","format":false,"excerpt":"Key highlights from Black Box Ltd (BBOX) Q3 FY23 Earnings Concall Management Update: [00:05:10] BBOX said that by FY24, it expects the revenue to cross INR7,000 crore and achieve EBITDA margins in the range of 9-10%. Q&A Highlights: [00:09:07] Ashay Jain of Jain Capital asked about the demand environment and\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146469,"url":"https:\/\/alphastreet.com\/india\/ramco-system-ltd-q4fy23-revenue-soars-by-2-percent\/","url_meta":{"origin":143430,"position":3},"title":"Ramco System Ltd Q4FY23 revenue soars by 2 percent","author":"Chirag Gupta","date":"May 17, 2023","format":false,"excerpt":"Ramco Systems Ltd reported Total revenue for Q4 FY23 of \u20b9126 Crore, up from \u20b9124 Crore year on year depicting a growth of 2%. 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