Ramco Systems' Q2 profit drops sharply as costs rise
Ramco Systems posted Q2 FY27 profit of just $0.05 million against $1.47 million a year earlier, with revenue slipping 5% and other costs weighing, per Moody's.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Indian software maker Ramco Systems, part of the Ramco Group based in Chennai, reported a sharp fall in earnings for the three months ended September 2026, its second quarter of fiscal 2027. Profit came in at $0.05 million, compared with $1.47 million a year earlier, according to the exchange filing that Moody's cited.
Revenue dropped 5% to $19.2 million from $20.3 million. The company said higher other expenses were the main reason profit shrank. Annual recurring revenue reached $12.09 million, and the unexecuted order book stood at $161 million. Management also said bookings this quarter were the highest in eight quarters.
why it matters
The company is small and its results are unlikely to move broad markets. For investors in software names, the stronger bookings point to customer interest in AI-native products, while the revenue decline and squeezed profit show that the business transformation is still costly.
tags
instruments
sources
- Ramco Systems Q2 profit plunges on higher expenses — Moody's, 24 October 2026 at 11:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗