BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Ramco Systems Ltd.’s Q1 FY22 revenues declined by 6.7% QoQ to $19.2 million (our estimate: $23 million) due to softer bookings (lockdown impact in Asia) and lower license wins at $2.7 million (large Aviation deal was in software-as-a-service).
Ebit margins (adjusted for forex) were at a loss of 5.4% due to revenue decline and operating cost increase of 7.8% QoQ (increased discretionary spends and inflation led).
Bookings for the quarter were weak at $19.7 million versus last quarter average at $27.5 million.
This is largely from the impact of lockdown restrictions in many key Asian markets (Malaysia, Indonesia and Philippines) wherein client prefers in-person meetings.
Expect Ramco Systems’ momentum to improve largely in H2 due to pent-up demand from those regions
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.