Ramco Systems rallies 9 per cent over multi-million dollar agreements

Ramco Systems on Monday stated that it has signed four agreements worth multi-million dollars.

Three business units of Ramco Systems signed various agreements. The Aviation, Aerospace and Defence sector signed an agreement with leading European aircraft maintenance, repair and overhaul (MRO) for delivering full suite Ramco Aviation Software, which consists of many components. Also, it would benefit from digital enablers and third-party integration offerings, powered by Ramco.

Ramco ERP business unit signed a deal with the Asian giant ‘Agrifields DMCC’, one of the largest companies that deals in trading fertilisers and other agricultural inputs in the Middle East. It would implement the Ramco enterprise resource planning (ERP) suite for inventory, procurement, production, maintenance, along with real-time integration to plant operations via real-time integrator (RTI) for its operations in the Philippines.

Ramco HR & Global Payroll signed deals with two leading global multinationals (one in Asia and the other in the US).  Both the deals included payroll management of all its employees across all the countries.

This will have a direct impact on the revenues and profitability of the firm.

At the time of market closing on Monday, the stock of Ramco Systems was trading at Rs 607.15, up by 6.85 per cent on BSE.

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