Software product firm Ramco Systems is working to put its trademark business software on wearable technology such as smart-watches which, according to CEO Virender Aggarwal, will help serve as a differentiator in a market crowded with “Goliath” competitors.
The Chennai-based company, which has had a track-record of poor marketing resulting in a string of quarterly losses, also hopes it will be able to turn a profit for the current financial year.
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While it may not be a proper product right now, as the corporate workforce is yet to take wearables, the Ramco chief believes it serves as a sort of marketing differentiator for the company.
“There’s been [good] interest… and we plan on equipping our [sales] team with these watches when they go on sales calls,” he added.
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“We made a small profit last quarter, and we believe this could become a [secular] trend. We hope we will be able to make a profit for this year… though of course one quarter [here and there] may not [turn profit],” said Mr. Aggarwal, who has so far been reluctant to provide any forecast with regard to company profitability.