Ramco Systems to focus on passenger airlines for aviation products

Chennai, Feb 9 (IANS) Enterprise software company Ramco Systems Ltd has decided to train its focus on the airlines sector, including the Chinese airlines, which is now seeing money due to fall in fuel prices, said a senior company official.

The company has launched niche enterprise resource planning (ERP) solution for the logistics sector as last mile delivery forms the crucial part for the sector, CEO Virender Aggarwal told reporters here.

“The fall in fuel prices has affected the helicopter business whereas the passenger airline sector is doing well. We will be focussing on the regional airlines,” he said.

Presently, the company is majorly focussed on the helicopter players for its aviation software.

The fall in oil prices has affected the helicopter business as choppers are mainly employed in off-shore oil business.

While a couple of airlines use the company’s aviation solution, Aggarwal said the challenge will be to convince the players who generally go in for a better-known brand.

Meanwhile the company closed the third quarter with a total income of Rs.117 crore and a net profit of Rs.11.7 crore. For the corresponding period of the previous year the company had posted a total revenue of Rs.98.16 crore and a net profit of Rs.8 crore.

Aggarwal said the company is now debt free and is profitable for the past seven quarters.

He said the revenue was impacted due to the fluctuation in the exchange rates while the company derives only around 18 percent of its total revenues from the US.

Ramco Systems has acquired 18.93 percent stake in a city based cloud startup and also a channel partner SmartMegh with operations in India, ASEAN and Middle East.

According to Aggarwal, the company’s order book position is around $80 million and a sizeable portion of that is for the HR solutions.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here