Ramco Systems gains as CHI goes live on Ramco Aviation Suite

Ramco Systems rose 1.89% to Rs 197 at 14:27 IST on BSE after the company announced the successful go-live of Ramco Aviation version 5.6, at Columbia Helicopters Inc.

The announcement was made during trading hours today, 26 February 2014.

Meanwhile, the S&P BSE Sensex was up 131.31 points or 0.63% at 20,983.78.

On BSE, so far 1,955 shares were traded in the counter as against average daily volume of 5,665 shares in the past one quarter.

The stock hit a high of Rs 199.75 and a low of Rs 193.50 so far during the day. The stock had hit a 52-week high of Rs 211 on 23 January 2014. The stock had hit a 52-week low of Rs 67.55 on 4 July 2013.

The stock had outperformed the market over the past one month till 25 February 2014, declining 0.15% compared with the Sensex's 1.33% fall. The scrip had also outperformed the market in past one quarter, advancing 54.68% as against Sensex's 1.2% rise.

The small-cap company has equity capital of Rs 15.87 crore. Face value per share is Rs 10.

Ramco Systems announced the successful go-live of Ramco Aviation version 5.6, at Columbia Helicopters Inc. (CHI), the world leader in commercial heavy-lift helicopter operations. CHI is one of-the first customers of Ramco Aviation who have been using the series 3 for more than a decade.

With this upgrade, CHI is on the latest and -state-of-the-art version of Ramco Solution v5.6, Ramco said. CHI is now using the fully integrated suite of Ramco Aviation including Finance & 3rd party MRO, Offline Maintenance System, Time & Attendance and Advanced Reporting, the company added.

Mr. Virender Aggarwal, CEO, Ramco Systems, said, "We have a decade-old association with CHI and -are proud to have partnered with them in their growth journey. With this go-live, we have further reinforced our strength and capability to address the unique needs of Aviation sector with a powerful web-based offering that brings Mobility, Usability and Functionality into one integrated offering. With a unique 'Offline Field Maintenance system and a Kiosk based Time & Attendance tracking system, CHI now has a potent technology platform to address all its current and near future business needs".

Commenting on the Go-live, Mr. Stan Wilson, President of Columbia Helicopters Inc., said, "Having been on -Ramco Aviation 3.X series, we were confident of the product capabilities and the support from the team. As our business needs grew, we decided -to upgrade to the latest version. The implementation went on smoothly as the teams from Ramco & CHI worked as a single unit. We at CHI appreciate the strong domain knowledge and professionalism and partnership approach that Ramco's team continues to show in working with CHI".

CHI are the only operators of the commercial models of the CH-47 Chinook and CH-46 Sea Knight helicopters used for heavy-lifting services which includes services for Forestry & Streamwork, Petroleum Exploration, Construction, Fire Fighting, Movies, Disaster Relief and Government Support.

Ramco Systems reported a consolidated net loss of Rs 5.49 crore in Q3 December 2013, lower than net loss of Rs 6.94 crore in Q3 December 2012. Net sales rose 2.2% to Rs 67.65 crore in Q3 December 2013 over Q3 December 2012.

Ramco Systems provides next generation, end-to-end enterprise solutions that render complete transformation of the business in real time.

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