Cranes Software's Q1 FY08 Consolidated Revenues Up 32% PAT Higher By 29%.BANGALORE, India -- Note to the announcement: This press release discusses the financial performance of Cranes Software Cranes Software International Limited is a global scientific & engineering products and solutions provider. The Company's business interests straddle products, services, R&D in future technologies, training and high-end consultancy for engineers and scientist worldwide. International Limited on a consolidated basis. This includes the performance of its fully owned subsidiaries Systat Software Inc., USA; Cranes Software Inc, USA; Systat Software GmbH, Germany; Cranes Software International Pte. Ltd, Singapore; EMRC EMRC Electronic Media Rating Council EMRC Emergency Medical Resource Center (fire/rescue) EMRC Engineered Maintenance Requirements Catalog EMRC Electromagnetic Research Consultants, Inc. Engineering Mechanics Research (India) Pvt. Ltd., Systat Software Asia Pacific Ltd., Analytix Systems Pvt. Ltd., Dunn Solutions Group Inc. subsidiary of Cranes Software Inc., Tilak AutoTech Pvt. Ltd., Caravel caravel (kăr`əvĕl') or carvel (kär`vəl), three-masted sailing vessel, generally square-rigged with the aftermast lateen-rigged. It had a roundish hull with a high bow and stern. Info Systems Pvt. Ltd., Proland Software Proland Software has over fifteen years of experience in designing, developing and supporting antivirus software products. Protector Plus, our leading brand of antivirus products are well known throughout the world, and have users in over 100 countries. Pvt. Ltd., as also Cranes Software UK Limited subsidiary of Systat Software Inc. Cranes Software International Ltd. (Cranes), a company that provides Data Analytics and Engineering Simulation Software Simulation software is based on the process of imitating a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually running the program. Products and Solutions, today announced its un-audited results for the first quarter ended 30th June, 2007. On the occasion of the first quarter results announcement, Asif Khader, Managing Director, Cranes Software International Limited, said: "We have witnessed a solid start to the first quarter of the current financial year. We have maintained our approach of accelerating growth while servicing our relationships with existing clientele. The acquisitions of Dunn Solutions Group, Tilak AutoTech and Caravel Info Systems and Proland Software, as well as the launch of newer versions of software products - SYSTAT 12, NISA Nisa, rivers: see Neisse, rivers of Poland. Version 15.0 for the Linux community and NISA Design Studio are evidence to the same. On the financial front, revenues are up 32% while net income is up 29% Q-O-Q, with operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: of 53%. This growth has been possible despite very unfavorable impact of the Foreign Exchange Rate, with almost 80% of our operations being international and largely in US Dollar. Similar to other Indian IT Companies, we have also been adversely affected by the hardening of the Rupee RUPEE, comm. law. A denomination of money in Bengal. In the computation of ad valorem duties, it is valued at fifty-five and one half cents. Act of March 2, 1799, s. 61; 1 Story's L. U. S. 627. Vide Foreign coins. 2. . However, the growth achieved is indicative of the robust strategies and systems of business solicitation and execution in place. Going forward, we expect to continue to deliver strong operational and financial performance." Cranes first quarter performance review: Corresponding quarter comparison: Q1 FY08 (April - June 2007) v/s Q1 FY07 (April - June 2006) * Total income increased by 32% from Rs. 636.5 million to Rs. 840.7 million in the current quarter * Overseas revenues were up 27% at Rs. 673.6 million and now constitute 80% of total revenues. * Domestic revenues rose substantially from Rs. 88.5 million to Rs. 162.9 million in the current quarter. * Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. improved by 33% to Rs. 444.7 million compared to Rs. 334.7 million in the previous corresponding quarter. Operating margins remained stable at 53%. * Net profit after tax grew by 29% to Rs. 246.0 million translating into diluted EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of Rs. 1.80 as against Rs. 1.47 reported during the same period last year. Sequential quarter comparison: Q1 FY08 (April - June 2007) v/s Q4 FY07 (January - March 2007) * Total Revenues increased very marginally from Rs. 827.7 million. * Overseas revenues were up by 15% from Rs. 584.0 million to Rs. 673.6 million * Domestic revenues decreased by 26%, from Rs. 219.2 million in the previous sequential quarter. * Operating profit increased by 13 % from Rs. 392.5 million. * Net profit after tax (prior to adjustments) was Rs. 246 million. However, diluted EPS increased from Rs. 1.52 in Q4 FY07 to Rs. 1.80 in the quarter under review. Business-wise Revenue Analysis (Rs. Million) Q1 FY08 > > Q4 FY07 Q1 FY07 Proprietary Products 687.6 > > 602.7 532.0 Product Alliances 139.1 > > 185.3 79.3 Training & Services 9.9 > > 15.2 9.2 Other Income 4.1 > > 24.5 16.0 Total 840.7 > > 827.7 636.5 Key corporate highlights for Q1 FY08: Patents A patent has been granted to Cranes for the invention entitled a MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. Based Electrostatic Stationary electrical charges in which no current flows. For example, laser printers and copier machines place a positive charge of the image on a drum, and negatively charged toner is attracted onto the drum. The toner is then transferred to positively charged paper and fused to the paper by heat. Acoustic Transducer transducer, device that accepts an input of energy in one form and produces an output of energy in some other form, with a known, fixed relationship between the input and output. and Methods of Sensing Sound Pressure. The intellectual property has been awarded in India and the patents rights are jointly shared by Indian Institute of Science Impressed by Swami Vivekananda's views on science, and leadership abilities, Jamsetji Nusserwanji Tata wanted him to guide his campaign. Vivekananda endorsed the project with enthusiasm, and Tata, with the aim of advancing the scientific capabilities of the country, constituted a (IISc), Bangalore and Cranes Software International Ltd. This invention relates generally to a micro-machined acoustic transducer that has a sensing element which converts the acoustic signal to electrical signal. The proposed design in the patent, as implemented on MEMS device using capacitive sensing principle, provides higher tuning capabilities for design in terms of better response of the particular device, say a MEMS microphone. These micro devices like miniaturized microphones have potential applications in mobile phones, acoustic module for hearing-aids, PDAs etc. Launches * SYSTAT Version 12 Towards the end of the last quarter, the Company introduced the latest version of its award winning statistical analysis software package - SYSTAT Version 12 to provide scientists and professional researchers advanced statistical and graphical capabilities with an improved user interface and analytical efficiency. * NISA Version 15.0 for Linux Cranes Software launched the latest version of its flagship suite, NISA Version 15.0 for LINUX. The latest version gives the Linux community complete access to all the benefits including the availability of the software as an RPM package that will simplify the installation process and enhanced tools for seismic analysis Seismic Analysis or Earthquake Engineering is a subset of structural analysis and is the calculation of the response of a building (or nonbuilding) structure to earthquakes. to harmonize the requirements of power industry. * NISA Design Studio Cranes Software recently launched NISA Design Studio, in a continuous effort to address the needs of individual structural design consultants. Cranes has put in place the mechanisms necessary to make this product available for download on the web, hence multiplying the market reach for the product many folds. Initial market response, though very early, are encouraging. Customer Wins Cranes has earned another prestigious entry into the Indian car manufacturing segment, through one of the largest people's car "People's Car" may refer to:
One of the pioneers for electronic signal processing See DSP. has brought products offered through some of Cranes' strategic alliances for calibrations and standards accreditation of their instrumentation controls. This is a significant testimony of the growing importance and acceptance of our offerings in the customer's value added processes See VAP. . Acquisitions During the quarter, the Company concluded the following acquisitions and the financials are consolidated * Caravel Info Systems Caravel Info Systems (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ) provides consulting services in the areas of complete embedded product development, hardware design, embedded software Instructions that permanently reside in a ROM or flash memory chip. Embedded software may be immediately available to the CPU or, for faster execution, may be transferred to RAM first and then executed. design, intranet based applications development, GroupWare Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. application development and customization services. CIS is a complete embedded design services company providing a cost-effective resource for organizations that need to develop technically complex products to stay ahead of competition. Caravel has a suite of IPs that can help reverse engineer outdated designs and reengineer them to better performance standards. These IPs can help in quick recalibrating the designs and integrate quite a lot of logic on to a common platform. Integrated product design, test simulation, quick prototyping, and performance calibrations are the key to re engineering and upgrading existing designs, and this is Caravel's forte. Cranes is currently working on opportunities to build software products with wrap around solutions that can be embedded into existing hardware products of OEMs in various verticals and Caravel provides an avenue to build this expertise. * Proland Software At a strategic level, this acquisition fits into Cranes' intent to seek significant technology leadership in every element of the analytics value chain. Cranes' executes projects that transform data into intelligent business information that support organization decision flows. The entire process of data acquisition, analysis and reporting will result in creation of a comprehensive enterprise analytics platform architecture that warrants high-end data security and encryption systems. Cranes proposes to integrate Proland's security IP and wrap around thereon capabilities within its analytics model and provide end-to-end secure enterprise analytics and engineering simulation systems and products. The Proland expertise will help the company develop the underlying data security protocols that are essential to developing an enterprise level analytics platform. Awards: Scientific Computing & Instrumentation (SCI (Scalable Coherent Interface) An IEEE standard for a high-speed bus that uses wire or fiber-optic cable. It can transfer data up to 1GBytes/sec. (hardware) SCI - 1. Scalable Coherent Interface. 2. UART. ): Graphics Readers' Choice Award for SigmaPlot SigmaPlot has been awarded the Graphics Readers' Choice Award by the Scientific Computing & Instrumentation (SCI) Journal, US. SigmaPlot was selected as one of the winners in their Readers' Choice Awards program on the basis of readers' response. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the SCI Review: "The SigmaPlot scientific graphing and data analysis software package provides researchers with features to analyze data and create exact graphs that present research results for presentation, publication or the Web. It contains a range of graphing options, such as 3D Mesh Plots with Contour Projections, that allow users to customize each detail of their graphs to communicate elements of their research. Additional features include the Submission Assistant, which stores an extensible list of publication specifications for 22 leading journals." Attached: Results table About Cranes Software International Limited Cranes Software International Limited is a company that provides Enterprise Statistical Analytics and Engineering Simulation Software Products and Solutions across the globe. The Company's business interests span Products, Productised Solutions, Services and R & D in future technologies. Today, Cranes Software has its presence in 39 countries across the world and has a 350,000 strong global user base. Cranes Software offers a range of proprietary products - SYSTAT, SigmaPlot, SigmaStat, SigmaScan, TableCurve 2D, TableCurve 3D, PeakFit, NISA, XID XID Exchange Identifier XID Exchange of Identification (Cisco) XID Maxville, Ontario, Canada - Maxville / via Rail Service (Airport Code) XID X-Input Data XID Exchange Identification XID Transaction Id , XIP (Execute In Place) The ability to execute a program directly from a memory card. , Survey ASYST, iCapella, InventX and world-renowned products from reputed principals such as Engineering Technology Associates, Livermore Software Technology Corporation, The Mathworks, Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . For further information please visit www.cranessoftware.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. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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