Ramco Systems taking ‘multiple steps’ to mitigate impact caused by COVID-19

Enterprise software player Ramco Systems was taking ‘multiple’ steps to overcome the significant impact caused on the business and economy by the COVID-19 pandemic, a company official has said.

According to the city-based company, COVID-19 has resulted in a significant drop in order booking during the fourth quarter.

“Traditionally, Q4 has always been a good quarter for us. We were cruising towards a great finish but circumstances due to the pandemic outbreak delayed multiple projects,” Ramco Systems CEO Virender Aggarwal said in a statement.

He said the company was taking ‘multiple’ steps to mitigate the impact by offering the ‘OpEx’ model of payment terms.