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Ramco Systems in an exchange filing during market hours today said that the full suite Ramco Aviation Software comprises maintenance & engineering, supply chain, MRO sales, flight operations, manufacturing, and finance.
CHI Aviation is a leading U.S. headquartered helicopter services provider for heavy-lift helicopter services, specializing in support for the construction, HVAC, fire-suppression and defense industries. CHI Aviation also manufactures unmanned aerial vehicles (UAV) / drones for the U.S. Department of Defense.
Ramco Systems added that with this order win Ramco Aviation Suite now maintains the largest numbers of civilian version of CH-47s Helicopters.
Shares of Ramco Systems have risen 39% in seven consecutive sessions from its recent closing low of Rs 283.85 on 10 September 2020. The stock hit a 52-week high of Rs 396.65 in intraday trade today.
Ramco Systems is an enterprise software, offering cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation.
The IT firm's consolidated net profit surged 380.7% to Rs 14.18 crore on a 4% increase in net sales to Rs 145.25 crore in Q1 June 2020 over Q1 June 2019.
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