Ramco banks on new software for growth

Ramco Systems, the software products and services provider, is eyeing revenues of Rs 12-15 crore this fiscal, a growth of nearly 100 per cent, on the back of sales bookings for its new enterprise resource planning (ERP) software.

At a press conference in Kolkata, K Patrick, regional sales manager of Ramco Systems, said, “We are looking at a 120 per cent growth in revenues this fiscal and a nearly 150 per cent growth in the number of users after the launch of this ERP system. We are targeting a user base of 5000 and a revenue projection of Rs 12-15 crore by the end of this fiscal.” “The cost of using Ramco ERP system is close to Rs 5,000 per user per month, sometimes less. So it is like a telephone bill but users could do enterprise transactions at that cost,” Patrick added.