Ramco Systems signs multi-million dollar agreement; stock shines

Ramco Systems informed the bourses on Tuesday that it has entered into a multi-million dollar agreement with leading utilities and infrastructure group with diversified businesses in Malaysia for delivering group-wide digital transformation spanning across its ports and logistics operations.  With this win, Ramco’s enterprise platform will support in managing more than 50 per cent of all port operations in Malaysia.

With a strong presence in the ports & logistics segment, this win would further place Ramco as the preferred enterprise digital transformation platform of choice for large enterprises looking at emerging more agile and stronger post the pandemic.

The stock of Ramco Systems in today’s trading session was up by nearly 5 per cent to touch an intraday high of Rs 241 apiece.

Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and global payroll, enterprise resource planning (ERP), and monitoring & evaluation (M&E) maintenance, repair & overhaul (MRO) for Aviation.