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Dolat Capital Report
Ramco Systems Ltd. reported strong results with revenue growth of 11% QoQ at $22 million (our estimate at $20 million) as the strong bookings in licence-based deals in enterprise resource planning segment (up 18% QoQ) boosted revenue recognition in Q2.
Company won new orders worth $26.5 million in Q2 FY21 up 24% on QoQ basis, coming back to its pre-Covid-19 run rate.
Unexecuted order book stood at $164 million (two times revenue), providing good revenue visibility.
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