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Ramco Systems' Q2 net loss at Rs 7 cr

Our Bureau

Chennai , Oct. 30

RAMCO Systems Ltd has reported a net loss of Rs 7.11 crore on revenues of Rs 33.85 crore for the quarter ended September 30, 2005 against a net profit of Rs 2.32 crore on revenues of Rs 32.66 crore for the year-ago period.

Staff cost was Rs 16.41 crore (Rs 11.32 crore) and administration and other expenses were Rs 5.89 crore (Rs 4.73 crore).

Ramco Systems' Vice-Chairman, Managing Director and CEO, Mr P. R. Venketrama Raja, said in a press release that the company's solution delivery strategy has been successfully validated across multiple industries and technologies. The focus now is on sales and marketing to capitalise on this model.

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