rarmco Ramco Systems
Registered office : 47, PSK Nagar, Rajapalayam - 626 108,
Corporate Office :
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Corporate Office : 64, Sardar Patel Road, Taramani, Chennai - 600 113.
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For Ramco Systems ie
Mba? - I
ce: Cen PR. Venktrama Raja
Dat: November 6, 2015 ‘ce Chea & Mano Deer1. CN. GANGADARAN
‘acon, FOX MOI tare), Pre
S, NEELAKANTAN
Bom. FA
-THIRUMALMARUGAN
‘com, FCA
(0. CHELLA KRISHNA
Wor. FOA PPM
‘The Board of Directors of,
Ramco Systems Limited,
Chennal - 600 113
CNGSN & ASSOCIATES LLP
(CHARTERED ACCOUNTANTS
“Agastyar Manor’
New No.20, Old No.3, Rala Stoot,
"TNagar, Chennal - 600 017.
Tol, :01-44- 24311480, Fax: 81-44-2601 1485,
‘Webste: wwwengsn.com
D.KALAIALAGAN
‘Boon. oA
[RAMAKRISHNAN
‘8am, FOA Gra. CHA
V.VIVEK ANAND.
roe
LIMITED REVIEW REPORT ON THE UN-AUDITED STANDALONE FINANCIAL RESULTS OF THE
‘COMPANY FOR THE QUARTER ENDED 30" SEPTEMBER 2015
We have reviewed the accompanying statement of unaudited standalone financial resuRs of
M/s. Ramco Systems Limited for the Quarter ended 30” September 2015,
regarding ‘Public Shareholding’ and
except for the disclosures
“promoter and Promoter Group Shareholding’ which have
been traced from disclosures made by the management and have not been audited by us. This
statement is the responsibity of the Company's management and has been approved by the Board of
Directors. Our responsiblity Is to Issue a report on t
hese financial statements based on our review.
‘We conducted our review In accordance with the Revised Standard on Review Engagements (SRE)
2410, "Review of Interim Financ!
Issued by the Institute of Charter
Jal Information Performed by the Independent Auditor of the Entity’,
red Accountants of India (ICAI), This standard requires that we plan
‘and perform the review to obtain moderate assurance as to whether the financial statements are free
cf materia) misstatement. A review Is limited primarily
analytal procedures applied to
to Inquiries of company personnel and
financial data and thus provide less assurance than an audit. We have
rot performed an audit and accordingly, we do not express an audit opinion.
Based on cur review conducted es above,
nothing has come to our attention that causes us to believe
thatthe accompanying statement of unauclted financial results prepared in accordance with applicable
‘accounting standards and other recognized accounting practices
Information required to be disclosed in
‘and policies, has not disclosed the
terms of Clause 41 of the Listing Agreement including the
manner In which It to be disclosed, or that t contains any meterial misstatement.
‘Chartered Accountants,
Registration No. 0089156
Qe brrercey et
‘CN GANGADARAN,
Partner,
‘Membership No. 11205
Place: Chennei
Date: 06" November 2035
CNGSN & ASSOCIATES LLP,aOR, — GNGSN &. ASSOCIATES LLP baa rae
as
pele
sea “han eer Eee
mauaanuce eee eter cea
Ae ol. :91-44-2651 1480, Fax: 91-44-2881 1485 Boom, Fea
cman oe
eons
er ea aaa
Serene
LIMITED REVIEW REPORT ON THE UN-AUDITED CONSOLIDATED FINANCIAL RESULTS OF
RAMCO SYSTEMS LIMITED, INDIA AND ITS SUBSIDIARIES / ASSOCIATE FOR THE QUARTER
ENDED 30" SEPTEMBER, 2015
We have reviewed the accompanying Statement of unaudited consolidated financial results of
Ramco Systems Limited (“Company”) and its Subsidiaries / Associate, for the quarter ended
30! September, 2015, except for the disclosures regarding ‘Public Shareholding’ and
‘promoter and Promoter Group Shareholding’ which have been traced from disclosures
made by the management and have not been audited by us. This statement is the
responsitilty of the Company's management and has been approved by the Board of
Directors. Our responsibilty isto issue a report on these financial results based on our review.
2. We conducted our review in accordance with the Revised Stendard on Review Engagements
(GRE) 2410, *Review of Interim Financial Information Performed by the Independent Auditor
of the Entity”, issued by the Institute of Chartered Accountants of India (ICAI). This standard
requires that we plan and perform the review to obtain moderate assurance as to whether the
financial Statement is free of material misstatement, A review is limited primarily to Inquiries
cf Company personnel and analytical procedures applied to financial data and thus provide
less assurance than an aucit, We have not performed an audit and accordingly, we do not
‘express an audit opinion.
3.) The Staternent includes the resuits of the following Subsidiaries / Associate:
‘a. Ramco Systems Corporation, USA
Remco Systems Canada Inc, Canada.
Ramco Systems Ltd., Switzerland
Ramco Systems Sd. Bhd., Malaysia
Ramco Systems Pte Lte., Singapore
SL Enterprise Solutions (Pty) Lte., S.Africa
Ramco Systems FZ LLC, Dubai
RSL Software Company Ltc., Sudan
Ramco Systems Australia Py Ltd., Australia
Cctiworks (Pty) Ltd., S.Africa - Associate
(i) We did not review the financil statements / financial Information of seven Subsidiaries, whose
financial statements / financial information reflect total revenues of Rs. 533.71 Millon and Rs.
1,055.61 Millon for the quarter and half year ended 30" September, 2015 respectively and
total profit after tax of Rs.53.18 Millon and Rs. 131.71 Millon for the quarter and half Year
(ended 30” September, 2015 respectively, and as considered In the uneudited consolidated
financial results.‘These unaudited financial statements / financial Information have not been reviewed by thelr
‘Auditors and our opinion on the Statement in 59 far as It relates to the amounts Included In
respect of these Subsidiaries, s based solely on the unaudited financial statements / financial
Information of these Subsidiaries, prepared by the management and furnished to us.
(ii) The financial statements / financial information of the Associate have not been reviewed for
the quarter ended 3ist August, 2015 and our opinion, in so far as it relates to the amounts
Included in respect‘bf that Associate, is solely besed on the financial statements / financial
Information of that Associate prepared by the management and furnished to us,
(jv) Our opinion is not modified In respect of these matters.
4, Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in accordance
with applicable accounting standards and other recognized accounting practices and policies,
hhas not disclosed the Information required to be disciosed In terms of Clause 41 of the Listing
‘Agreement Including the manner In which Iti to be disclose, or that it contains any materia
misstatement.
For CNGSN & Associates LLP
‘Chartered Accountants
Registration No. 0047155
Oy rerery he
CN Gangadaran
Partner
Membership No. 11205
Place: Chennal
Date: 06 November 2015PRESS RELEASE
RAMCO QD: FY 15-16
Ramco Systems topline grows 3.4% QoQ and 22% YoY in INR terms
Q2 profit grows 39% QoQ
Ramco HCM grows 109% YoY, clocking 2 wins every week:
Launches HCM product for Americas with local Payroll
Chennai, india - November 6, 2015: Ramco Systems (BSE - 532970, NSE - RAMCOSYS); a globa
enterprise software company focusing on enterprise cloud platform, produets and services, today announces
the results for the second quarter of 2015-16,
For the quarter ended September 30, 2015 (Q2:15-16). global consolidated income of Ramco Systems
Limited siood at USD 16.77m (Rs 108 cx). The net proft after tax for the quarter, amounted to USD 1.547
(Rs 9.9 cr) as compared to USD 1.14 m (Rs 7.1cr) the previous quarter showing a growth of 39% Qo {in
‘rupee terms)
Highlights:
«Revenue from markets outside India stood at 71%
+ To capitalize on the market opportunity for end-to-end HR software in the West, Ramco launched its
‘complete, yet refreshingly simple HCM in US,
+ Ramco HCM grew 109% YoY (vis-a-vis Q2 last year), beating its earlier record of 1 new win per
‘week to clock on an average 2 wins per week
Wins the + 2st coveted "HR Vendors of the Year Award for Best HR Management
Software’ in APAC competing against global established brands
+ Ramco ERP showed consistent performance adding close to 1 new customer a week. Focus on
select industry verticals like Logistics, Facilly Management and Asset-centric organizations have
started to bear result
Wins the coveted 2016 ISG Paragon Awards for Innovation beating billion-dollar goliath’
* Ramco Aviation announced strategic tie-up with Air France Industries KLM E&M to set up ‘The
MRO Lab’ in Singapore. The lab willbe the platform for rapid emergence and diffusion of innovative
high value-added, MRO solutions for the Aerospace industry and focus on areas ranging trom
‘Wearable technology to Optimization and Big Data among others
+ To attract and retain high potential talent, Ramco announced ‘Fast track program’ for fresher's and
star performers which will enable employees to take up leadership roles within a short span
‘Commenting on the results, Mr. P.R. Venketrama Raja, Vice Chairman and Managing Director, Ramco
‘Systems Limited, said, “Our decision to focus on HCM with mult-country payroll as an offering has
Positively helped us capture the market share and the results have been encouraging. The HR Software
‘market is going through a refresh cycle as organizations are looking for applications which can bring Mobi,
ease of use and Gen-Y friendly features. By aligning our innovations to this market need, we have been able
to capture market interest. With the entry into US, we now have a truly global play.”
‘Adding on, Mr. Virender Aggarwal, CEO, Ramco Systems Limited, said, “| am glad to see the R&D and
Product focus is paving way for the growth of a global brand from India. Innovation has been our ONA. From
leading Aerospace giant in Europe to well-recognized Advisory firm in Australia, Ramco's R&D is geting
global recognition. This further reinforces our belief that culture that fosters Innovation alone can help
‘organizations thrive in these disruptive market conditions.”
‘About Ramco Systems
Ramco isa fast growing enterprise sofware player disrupting the market with its mult-tenanted cloud and mobile
based enterprise software inthe area of HCM and Giobal Payrl, ERP and MBE MRO for Aviation Part the USD
‘ bilion Ramco Group, Ramco Systems focuses on Innovation and Culture to diferentiate ise im the marketplace
(On Innovation front, Ramco has been focusing on moving towards Cognitive and Robotic ERP with features such as
‘Mai it~ @ feature which enables users {o transact wth the application by just sending an email HUB It 3 one
Ss2reen does it all concept bul to address all actives of a user, Thumb It'= mobity where the sysiem presents
users with option to choose rather than type values and Prompt It ~ cognitive ability which wil et Ts systers
‘Complete the transaction and prompis the user for approval
IWPRESS RELEASE.
RAMCO QB: FY 15-16
[With 1600+ employees spread across 20 offices, globally, Ramco follows a fat and open culture where employees
‘are encouraged to share knowledge and grow. No Herarchies, inspiring workplaces with Cabinless Ofices
Respect work and not tiles, among others are what makes the team say, Thank God i's Monday
‘Ramco Systems - Winner of ISG Award for Innovation
For more information, please vii hit ramco.com
Follow Ramco on Twitter @ramcosystems or read latest updates on hip/blous ramco cam
he
For further information please contact:
Vinitha Ramani
+91- 9840368048,
‘r@rameo.com