Chennai: Ramco Systems announced the results for the fourth quarter and financial year 2018-19 and stated that the global income of Ramco Systems Limited was $79.75 million (Rs 551.8 crore). The net profit after tax for the year stood at $2.37 million (Rs 16.4 crore).
For the quarter ended 31 March, the global consolidated income of the firm stood at $20.52 million (Rs 143.8 crore). The net profit after tax for the quarter, amounted to $1.26 million (Rs 8.7 crore).
Revenue from markets outside India stood at 79 per cent in FY19 and a release said Asia was the top contributor followed by Americas.
Commenting on the results, chairman, Ramco Systems, P R Venketrama Raja, said, ‘The enterprise applications market is in the cusp of a change. The future will be driven by active applications that automate the usual and notifies the user for action when there is a deviation from the usual. At Ramco, we are placing a lot of focus on delivering business relevant use cases around Event Driven Architecture, Artificial Intelligence, Anticipatory Computing and Zero UI (Voice & Chat Bots) to drive digital transformations.’