CRANES SOFTWARE INTERNATIONAL LTD
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BSE Code:
512093
NSE Code:
CRANESSOFT
Business Profile
Business Profile
Cranes Software International (CRANES) is a provider of enterprise analytics and engineering simulation software products and solutions across the globe. It was established in 1991.
The ISO 9001:2000 and CMM L5 certified company offers a wide range of statistical, data visualization and computer-aided engineering software products like SYSTAT, Sigmastat, TableCurve, NISA, ..etc., for the scientific and engineering community. It does business distribution of third party products like MATLAB and offers consulting services in the areas of engineering and enterprise solutions. The company has alliances with MATLAB, dSpace and others and offers products from principals like Engineering Technology Associates and Livermore Software Technology Corporation to name a few. It has two state-of-the-art development centers in Bangalore, India.
Recent ventures include setting up of a micro-electro-mechanical systems (MEMS) lab in association with Indian Institute of Science (IISc) within the IISc campus and a program called Cranes - IISc Research Program, which would give both entities joint ownership of all intellectual property rights and innovation realized through this program. The company has partnered Fractal Analytics to develop Predicta, a retail risk management application. It has been named as one of the fastest growing Indian technology companies by Deloitte Touche Tohmatsu Asia Pacific Fast 500 for 2003, 2004 and 2005.
Using the enhance-expand business model, the company has subsidiaries including Systat Software Asia Pacific, India; EMRC Engineering Mechanics Research India; Systat Software Inc., USA; Cranes Software UK; Cranes Software International, Singapore; Sytat Software GmbH, Germany; Cranes Software Inc., USA; Analytix Systems, India; Dunn Solutions Group Inc., USA; Tilak Autotech, India; Caravel Info Systems and Proland Softwares. With a presence in 39 countries, the company has a 350,000 strong global user base. The registered office is located at Alpha Systems, 30 Ramana Residency, 4th Cross,Sampige Rd, Bangalore-560003.
Financials
Cranes Software International registered a profit of Rs 258.96 million for the quarter ended September 2007.
It recorded a net sales of Rs 785.95 million for the quarter.
Total income was Rs 797.67 million for the quarter ended September 2007.
The diluted earnings per share (EPS) of the company stood at Rs 2.03 for the quarter ended September 2007.
Recent Developments
18-MAR-09
The company has bagged order for BR.net from L&T Finance, a wholly owned subsidiary of Larsen and Toubro.
12-MAR-09
The company launched Linux version of NISA Version 16.0. The version comes with more than 40 new features and marks a significant improvement over the previous versions.