Ramco Systems Ltd — Earnings Release 2019

May 22, 2019

rinro

May 22, 2019

National Stock Exchange ofIndia Ltd Exchange Plaza, 5th Floor Plot No:C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai -400 051 Scrip: RAMCOSYS

Corporate Relationship Department BSE Ltd., Phiroze Jeejheebhoy Towers Dalal Street, Mumbai -400 001 Scrip: 532370

Dear Sir,

Sub: Revised Press Release

We have observed a typographical error in the date ofthe Press Release (mentioned as May 22, 2018, instead of May 22, 2019), attached to our letter dated May 22.,20 19, communicating the outcome of Board Meeting held today.

The same has been rectified now and enclosed for your records.

Thanking you,

Yours faithfully

For RAMCO SYSTEMS LIMITED

P R KAiIIC COMPANY SECRETARY

Ramco Systems Limited

Corporate Headquarters: 64, Sardar Patel Road, Taramani, Chennai 600 113, India I Tel: ~91 442235 4510 / 6653 4000, Fax: +91 4422352884 I CIN : L72300TN1997PLC037550 I Registered Office: 47, P.S.K. Nagar, Rajapalayam 626 108, India

Global Offices: India I Singapore I Malaysia I China I Hong Kong I Philippines I Australia I Dubai I USA I Canada I United Kingdom I Germany I Switzerland I South Africa I Sudan www.ramco.com

RAMCO 04 & ANNUAL RESULTS: FY 18-19

Ramco Systems FY19 revenue grows 16% and Net Profit by 45% in INR

Chennal, India -May 22, 2019: Ramco Systems (BSE - 532370, NSE -RAMCOSYS); a global enterprise software company focusing on Next Generation Cloud ERP, today announced the results for the fourth quarter and financial year 2018-19.

For the year ended March 31, 2019 (FY: 2018-19), global income of Ramco Systems Limited was USD 79.75m (Rs 551.8cr). The net profit after tax for the year stood at USD 2.37m (Rs.16.4cr).

For the quarter ended March 31, 2019 (04: 2018-19), global consolidated income of Ramco Systems Limited stood at USD 20.52m (Rs 143.8 Cr). The net profit after tax for the quarter, amounted to USD 1.26m (Rs.8.7 Cr).

Financial highlights:

• ¯ Records highest ever revenue with 16% growth; while net profit grew 45% in INR terms
• ¯ Highest ever quarterly order bookings in Q4 at USD 32.57m
• ¯ Average order value continues to grow; 30 'Million-Dollar-Plus' deals signed in FY19 as compared to 23 in FY18

Business highlights:

• ¯ Revenue from markets outside India stood at 79% in FY19; Asia was the top contributor followed by Americas
• ¯ Both in booking and revenue terms, HCM continues to lead the pack contributing 39% of revenue for the year (in rupee terms)
• ¯ Over the last 5 years, Global Payroll led HCM has seen a CAGR of over 40%
• ¯ ERP identifies its niche in EAM (Enterprise Asset Management) and SRP (Services ERP); momentum begins to pick up
• ¯ Logistics Software project in United States with about a million sq.ft of Goods to Person Robotic Warehouse with 250+ robots goes live
• ¯ After successful inroads into civil aviation, Ramco's entry into Defense sector in the U.S. looks promising with several wins and the largest order in 04
• ¯ Investments in new geographies in Asia paying off with 39% of orders getting booked in these countries. Vietnam continues to be in focus as a next key market in Asia
• ¯ Ramco was positioned in four Gartner Magic Quadrants -ERP, Cloud Financials, EAM and Cloud HCM; in addition to IDC MarketScape for SaaS ERP and EAM
• ¯ Ramco Global Payroll positioned as LEADER in Nelson Hall's NEAT Matrix for Payroll Services and as a Major Contender in Everest Group's MCPP PEAK report

Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "The Enterprise Applications market is in the cusp of a change. The future will be driven by Active applications that automate the usual and notifies the user for action when there is a deviation from the usual. At Ramco, we are placing a lot of focus on delivering business relevant use cases around Event Driven Architecture, Artificial Intelligence, Anticipatory Computing and Zero UI (Voice & Chat Bots) to drive digital transformations. In fact, Voice and Chatbots are becoming highly pervasive across our organization. We also pride in implementing and testing our innovations on our business before marketing it to the world. This makes the platform a lot sturdier and

RAMCO 04 & ANNUAL RESULTS: FY i8 -19

foolproof. We will continue to infuse our applications with intelligent and cognitive features that makes us the preferred choice of clients looking for solutions that help them stay ahead of the curve."

Virender Aggarwal, CEO, Ramco Systems, said, "In our efforts to simplify and focus on fewer offerings, we identified our blue ocean segments in Global Payroll (45+ country coverage on one platform), Aviation MRO, EAM and Logistics ERP. Our focused efforts have helped us with market penetration and win client trust. In addition, we are now seeing newer blue oceans emerge in Defense and Core ERP. With the average order size growing 30% YoY and number of 'million-dollar-plus' deals on the rise, we are heading in the right direction of driving improved operational efficiencies, quality client engagements and better resource utilization as an organization."

About Ramco Systems:

Ramco is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD I billion Ramco Group, Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. On Innovation front, Ramco has been focusing on moving towards Active ERP leveraging Artificial Intelligence and Machine Learning and Event Driven Architecture by building features such as Talk It - which allows transactions to be carried out by simple voice commands, Bot it -which allows users to complete transaction using natural conversations; Mail It - transact with the application by just sending an email; HUB It - a one screen does it all concept built to address all activities of a user; Thumb It -mobility where the system presents users with option to choose rather than type values and Prompt It -a cognitive ability which will let the system complete the transaction and prompts the user for approval.

With 1900+ employees spread across 24 offices, globally, Ramco follows a flat and open culture where employees are encouraged to share knowledge and grow. No Hierarchies, Cabin-less Offices, Respect work and not titles, among others are what makes the team say, Thank God it's Monday!

Only APAC vendor to be positioned in Gartner Magic Quadrant for ERP, Cloud Financials, Cloud HCM and EAM; Leader in NelsonHall's NEAT Matrix for Next Gen Payroll Services Awarded for Payroll Innovation in 2018 by Global Payroll Association; Positioned as Major Contender in Everest Groups Multi-Country Payroll Platform PEAK Matrix

For more information, please visit http://www.ramco.com/ Follow Ramco on Twitter ramcosystems and stay tuned to http://blogs.ramco.com

For further information, please contact:

Vinitha Ramani +91 -44 -66534204 vinitharamani(ramco.com

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward looking statements which involve a number ofrisks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT business including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Ramco Systems may, from time to time, make additional written and oral forward-looking statements, including statements contained in our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalfof the company.-