Ramco Systems bags multi-million dollar deal; stock zooms 10%

Shares of Ramco Systems rallied 10 per cent to scale fresh 52-week high of Rs 620.55 on the BSE on Wednesday after the company said it has signed a multi-million-dollar agreement with “a Global Fortune 500 major’.

“We are pleased to intimate you that Ramco Systems has signed a multi-million-dollar agreement with a Global Fortune 500 major to unify and transform its Payroll for 18 countries in Asia Pacific region on Ramco’s Managed Payroll Services. With this win, we have added three Fortune 500 brands as clients for Ramco Global Payroll, in Q3 2020,” the company said in a filing to exchanges.

Complete with chatbots, voice, and AI/ML, Ramco HR and Global Payroll addresses operational HR modules including Core HR, Time & Attendance & Global Payroll with statutory compliance across 50+ countries.