Hot Pursuit     18-Apr-23
Ramco Systems gains on bagging deal from Shearwater Health
Ramco Systems rose 2.32% to Rs 222.55 after the company said it secured a deal from Shearwater Health for implementing global payroll & operational HR solution.
Shearwater Health is a leading healthcare solution provider. With this partnership, Ramco will digitally transform the HR and payroll operations for Shearwater Health's 4000+ employees.

Ramco Global Payroll & HR solution offers a range of workforce management options, including mobile, chatbots, voice, and facial recognition. It can be deployed on-cloud, on-premise, or as a managed service and is used by more than 500 customers globally. The solution also includes innovative features such as AI and machine learning, context-sensitive pop-ups, and voice-based transactions on Google Assistant and Alexa. Ramco's Global Payroll is compliant with regulations in over 60 countries and available in multiple languages.

Ramco Systems is an enterprise software company, offering multi-tenant cloud and mobile-based enterprise software solutions for HR, Global Payroll, ERP, and M&E MRO for Aviation. The company has over 2000 employees spread across 29 offices worldwide.

On a consolidated basis, Ramco Systems reported net loss of Rs 50.27 crore in Q3 December 2022 as against net loss of Rs 25.16 crore in Q3 December 2021. Net sales rose 1.17% YoY to Rs 127.50 crore in Q3 December 2022.

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