Cranes Software International Ltd. (Cranes Software), a global scientific and engineering software solutions provider, today announced its audited results for the quarter ended December 31, 2004.
Cranes Software Group performance review:
Nine - month review:
9M FY 2005 (April - December 2004) v/s 9M FY 2004 (April - December 2003)
- Operating revenues up by 76% to Rs. 1088.9 million compared to Rs. 619.9 million.
- Operating profit higher by 48% at Rs. 490.7 million from Rs. 331.0 million.
- Net profit after tax increased 61% to Rs. 280 million from Rs. 173.8 million.
Corresponding quarter performance:
Q3 FY 2005 (October - December 2004) v/s Q3 FY 2004 (October - December 2003)
- Operating revenues expanded 26% to Rs. 364.8 million from Rs. 289.9 million.
- Operating profit grew by 21% at Rs. 187.5 million compared to Rs. 155.2 million.
- Net profit after tax higher by 19% to Rs. 100.6 million from Rs. 84.3 million.
Commenting on the performance, Asif Khader, Managing Director, Cranes Software International Limited, said
"We continue to align our resources to gain greater mindshare of the global scientific and engineering community. This is being achieved by enhancing the portfolio of offerings to these audiences - by developing our existing products and acquisitions in high potential spaces. Our focused approach has enabled us maintain a strong trajectory of growth and we remain confident of continuing to do so in the foreseeable future.
Recently, Cranes Software has once again been recognized as a leading global technology innovator. We are enthused by the critical acclaim received from two extremely important segments: technology users and the financial community.
We have also been ranked amongst the fastest growing technology companies in the region by Deloitte Touche Tohmatsu's Asia Pacific Technology Fast 500 Survey for the second year running. In addition, Cranes was ranked as the fastest growing publicly-listed Indian technology company.
On the technical side, SYSTAT 11, the recently launched latest version of our integrated desktop statistics and graphics software package, has been picked by the Scientific Computing & Instrumentation (SCI) journal for the top products award in the statistical data analysis segment for the year 2004.
These accolades lead us to believe that we are moving in the right direction, and motivate us to further intensify our ongoing initiatives."
Key corporate highlights during Q3 FY2005:
- SYSTAT 11 picked top statistical data analysis product of 2004
SYSTAT 11, the latest version of Cranes Software's integrated desktop statistics and graphics software package, has been picked by the Scientific Computing & Instrumentation (SCI) journal for the top products award in the statistical data analysis segment for the year 2004. With the recent launch of SYSTAT 11, the product has transitioned from FORTRAN to C environment. SYATAT 11 is the first statistical analysis software product to be developed in India. It has incorporated several new features such as the Markov chain Monte Carlo (MCMC) technique and Quality Analysis that allow the product to be marketed to specific user groups.
- Cranes Software ranked the fastest growing publicly-listed technology company in India by Deloitte Touche Tohmatsu's Asia Pacific Technology Fast 500 survey
Cranes Software was ranked amongst the fastest growing technology companies in the region by the 2004 edition of Deloitte Touche Tohmatsu's Asia Pacific Technology Fast 500 annual survey. The program is a ranking of the leading technology companies across the Asia Pacific region based on percentage revenue growth achieved between FY 2002 and FY 2004.
Cranes Software grew by 393 per cent during the analyzed period. This was the second successive year in which Cranes Software was included in this prestigious list of technology leaders and it was also the fastest growing publicly-listed Indian technology company in the 2004 survey.
- Cranes Software to enter into a JV with Kanoo Group, LLC
Cranes Software has approved a proposal for entering a joint venture agreement with the Dubai-based Kanoo Group, LLC to provide computer software and related services in the Middle East.
- New releases for Indian technical software users
Cranes Software and The MathWorks announced the availability of the Bioinformatics Toolbox 2.0 for MATLABŪ in India. The Bioinformatics Toolbox delivers greater power and versatility to the biotechnology and pharmaceutical industries, providing more advanced technology capabilities for drug discovery research, genetic engineering, and other genomics and proteomics projects.
MATLABŪ and SimulinkŪ product families are now also available on AMD64 and Intel EM64T processors in India. With this new support, users can leverage the benefits of 64-bit computing with applications involving large data sets and computationally intensive tasks.
- Cranes Software announces Commercial partnership with Lyrtech Inc
Cranes Software announced the signing of major reseller agreement with Lyrtech Inc, a globally recognized player in digital signal processing (DSP) technologies. As per the partnership, Cranes Software would be an authorized distributor of products and solutions from Lyrtech.
About Cranes Software International Ltd. (CSIL):
Cranes Software was founded in 1991 to bring globally acclaimed scientific computing products to India. Today, Cranes Software's business interests straddle products, services, R&D in future technologies, training and high-end consultancy for engineers and scientist worldwide. Cranes Software offers highly acclaimed products such as SYSTAT, SigmaPlot, SigmaStat, SigmaScan, TableCurve 2D, TableCurve 3D and PeakFit to its customers. Focused on the niche scientific and engineering community, Cranes Software has addressed the needs of a variety of customer groups ranging from large MNCs to the US armed force for over a decade.
Cranes Software has its presence in 38 countries across the world and has a user base of more than 200,000. Cranes also offers world-renowned solutions from reputed principals such as The Mathworks, Mentor Graphics, Texas Instruments, IBM and Lanner through product alliances.
For further information on the company, its products and services please log on to www.cranessoftware.com
About Systat Software, Inc.
Headquartered in Richmond, California, Systat Software is a leading developer of specialized scientific software products for data analysis, technical graphing and presentation. Its products are extensively used for research, analysis and presentation in the areas of environment sciences, life sciences, behavioral sciences, medical research and engineering.
Systat Software's global reach across 38 countries is backed by technical support centers in key geographies such as the US, UK, Germany and India. The Company's research and development centre comprises original product authors, highly qualified developers, domain experts and algorithm specialists. For additional information please visit www.systat.com
Certain statements in this release concerning our growth prospects are forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties, including government actions; local political or economic developments; technological risks; risks inherent in the company's growth strategy; dependence on certain clients; dependence on availability of technical consultants and other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. The Company undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
For further information, please contact :
Contact : Akila Lean (Cranes Software International Limited)
Phone : +91 80 25201604 / 5 / 6
Fax: +91 80 25201626
E-mail :
akila@cranessoftware.com
Contact : Shiv Muttoo (Citigate Dewe Rogerson)
Phone : +91 22 2284 2728
Fax : +91 22 2284 4561
E-mail :
shiv@cdr-india.com
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