Ramco sticks to earnings guidance

Our Bureau

BANGALORE, Dec. 18

ENTERPRISE systems and services provider, Ramco Systems Ltd., reiterated its virgin earnings guidance for the financial year 2001-02, even as it admitted that September 11 had hindered its growth.

The firm expected to report a 20-30 per cent growth in its revenue in the current fiscal, the Corporate Communications Manager, Mr M. Janardanan said.

He, however, did not detail the expected net profit for the current fiscal.

The firm recently tied up with Finnish enterprise-security provider, Stonesoft Corp, to market its product StoneGuard in India, Mr Suresh Srinivasan, Ramco's General Manager, said.

However, such a marketing tie-up with Ramco would not be an exclusive one, Mr Benny Wan, Sales Director, Stonesoft-S.E. Asia & India said. Other Indian system integrators would also have the right to market Stonesoft's products in the country.

Stonegate is a fully scalable firewall and virtual private network solution for large-scale enterprises, service providers and carriers. Ramco's enterprise networking solutions division would implement, maintain and offer consultation to StoneGuard customers in India.