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Bangalore, July 1

Cranes Software International Ltd, which provides statistical analytics and engineering simulation software products, has reported a 11.5-per cent decline in consolidated net profit for the quarter ended March 2009, while its revenues grew by half over the corresponding last quarter. Cranes reported a net profit of Rs 28.07 crore on revenue of Rs 140.44 crore for the quarter-ended March 2009, compared with a net of Rs 31.12 crore on revenues of Rs 80.48 crore in the corres ponding quarter last year. For the year-ended March 2009 it reported a net profit of Rs 121.3 crore on revenues of Rs 528.9 crore compared with a net of Rs 115 crore on revenues of Rs 398.6 crore in fiscal 2008. The board has declared a dividend of 20 per cent. The overseas revenues for fiscal 2009 increased 41 per cent to Rs 450.9 crore and accounted for 88.6 per cent of the overall revenues. Operating profit margins for the year stood at 45.4 per cent.

— Our Bureau

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