The city-based Ramco Systems Limited has declared
global revenues of $13.38 million for the quarter
ended September 30, 2004, logging a growth of 59 per
cent over the previous year''s corresponding period.
As compared to the Q1 of this fiscal, the revenue
has grown by 35 per cent. The total revenue for the
first half of this fiscal is $23.28 million as against
$15.87 million of the previous year.
from solutions developed on VirtualWorks grew manifold
from $1.06 million in Q2 of 2003-04 to $5.23 million
in the current quarter. Overall solutions revenue
also more than doubled from $3.7 million in Q2 of
2003-04 to $8.09 million this quarter.
on the results, P R Venketrama Raja, vice chairman,
managing director & CEO, said, "Continued
customer acceptance of VirtualWorks based solutions
has helped us achieve our objectives and is enabling
us to accelerate the positive momentum created
over the last few quarters. Our efforts are now focused
at streamlining our market initiatives and internal
business processes to handle the next phase of growth
in solution engagements."