Ramco Systems Rises 3% After Receiving Recognition From Gartner


Ramco Systems announced on Wednesday that Gartner, Inc. has positioned Ramco in the ‘Niche Quadrant' of Gartner's maiden 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.

Ramco is the only Asia Pacific-based cloud financial applications vendor to make it to the Magic Quadrant for Cloud Financials.

Meanwhile, Ramco Systems was trading higher by 3.1% at Rs 337.80 per share at 1122 hours on BSE. It hit a high of Rs 336.70 and a low of Rs 324 so far during the day.

The stock has outperformed BSE IT and underperformed BSE small-cap over a period of one year. Its closest peers include NIIT Technologies and Tata Elxsi.

Ramco Systems Limited (Ramco) is engaged in software solutions, computer programming, consultancy and related activities.

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