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Net profit for IT services firm Ramco Systems Ltd more than doubled to ₹9 crore for Q4 FY19, against ₹4 crore in Q4 FY18.
Revenue grew 20 per cent to ₹141 crore (₹118 crore).
For the year ended March 2019, it reported a 41 per cent increase in net profit to ₹17 crore (₹12 crore) on a 15 per cent increase in revenue to ₹542 crore (₹470 crore).
“This was a record high revenue,” the company said in a press release.
The fourth quarter also saw Ramco Systems’ highest ever quarterly order bookings, at $32.57 million. Revenue from markets outside India stood at 79 per cent in FY19 with Asia as the top contributor followed by the Americas, the release added.
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