Cranes Software`s Q1 FY10 Consolidated Revenues up 6% to Rs. 1,218 Million

PAT at Rs. 281 Million
BANGALORE, India--(Business Wire)--
Cranes Software International Ltd. (Cranes), a Company that provides Enterprise
Statistical Analytics and Engineering Simulation Software Products and Solutions
across the globe, today announced its unaudited financial results for the first
quarter ended June 30, 2009.

Cranes Software Group`s financial performance review:

Corresponding Quarterly Comparison

Q1FY10 (April - June 2009) v/s Q1FY09 (April - June 2008)

* Total revenues were up 6% to Rs. 1,218 million from Rs. 1,154 million

* Overseas revenues increased 14% to Rs. 1168 million and constitute 96% of
total revenues
* Domestic revenues at Rs. 50 million for the period under review

* Operating profit improved by 2% to Rs. 587 million from Rs. 574 million.
Operating margins for the quarter at 48%
* Net profit after tax amounted to Rs. 281 million translating to diluted EPS of
Rs. 2.05 for the period under review

Commenting on the financial results, Asif Khader, Managing Director, Cranes
Software International Limited, said:

"Cranes has started the year on a positive note with revenues increasing 6% to
Rs. 1,218 million. The thrust of our strategy that we have been aggressively
implementing over the last four quarters is beginning to show results. The key
focus of this strategy, includes streamlining our supply chain by consolidating
operations across geographies and enhancement of operating efficiencies by
devising strict measures to negotiate the recent rise in average collection
period. This actions will help mitigate cashflow constrains faced during the
quarter. Additionally, the Company is enhancing its interface with customers for
direct sale of proprietary products particularly in locations where it has close
proximity to direct offices. This has had a two fold effect in that it has
further enabled us to reduce the sales cycle as well as led to better management
of business. This is one of the reasons why the standalone revenues have
declined significantly this quarter.

One of our longest alliance partners, The MathWorks, for which we distributed
products such as MATLAB in India, has decided to set-up its direct office in
India. Although this has also contributed towards a decline in standalone
revenues, the Company has put in further emphasis on the proprietary product
sales in India. The demand for our products has improved and the Company has put
into place a strong platform that will enable it to leverage the opportunities
of an improving environment. We feel this move has helped de-risk our business
by reducing the dependency on distribution sales through alliance partnership.
Having said that, we will continue to explore the environment to partner with
Companies so that we could provide end-to-end solutions to our customers. We
have partnered with several other principals such as Siemens, Maple Soft,
Lyrtech, in our endeavour to do so."

Acquisitions & Alliances during the quarter under review:

* Cranes Software`s subsidiary, Proland Software, a data security company,
entered into a strategic partnership with VirusBuster, a Hungary-based security
solutions provider. This alliance will enable Proland to provide a wider
selection of data security solutions to its customers, and expand its presence
from a predominantly home/single user base to the enterprise/office segments
* Cranes` subsidiary, Systat Software entered into an agreement with Ohio based
Rescentris, to globally offer their joint product, SigmaCERF - an Electronic Lab
Notebook (ELN) and knowledge management platform for life science research
organizations. While industry experts predict the market for ELN to be one of
the fastest technology growth areas, this collaboration will also enable Cranes`
SigmaPlot, SigmaStat and Systat customers to source tools that cater to
different aspects of their research process from one single reliable source
* Cranes entered into an alliance with Siemens PLM Software, a business unit of
the Siemens Industry Automation Division and a leading global provider of
product lifecycle management (PLM) software and services. This partnership will
enable Cranes to distribute the full suite of PLM software solutions to its
customer base in India, thereby strengthening its position further in the
engineering simulations space
* Cranes has been a strategic partner to CNN-IBN in analyzing the findings of
opinion and exit polls as well as analyzing results for elections held both at
the State and the Center. In the recently held Lok Sabha elections, the Company
used its in house statistical software product SYSTAT for analysis of early
trends on the counting day. Dr. Rajeev Karandikar, a well regarded probabilist
and statistician who is an Executive Vice President at Cranes with the analytics
team collaborated with the CNN-IBN for this exercise.

New Product Launches during the quarter under review:

* Released ETA/DYNAFORM Version 5.7 - With over 90 new and enhanced features,
the latest launch of its powerful die analysis solution, ETA/DYNAFORM Version
5.7 will further address some of the long standing requirements of the
Manufacturing and Automobile sectors
* Released ETA/VPG Version 3.4 with NISA Solver - A finite element modeling
software, ETA/VPG Version 3.4 has over 63 new or improved functions and offers
an integrated linear static and Eigen value modules from the general purpose FEA
software suite NISA, which allows users to easily create and visualize advanced
simulations within the ETA/VPG environment

Attached: Results table

CRANES SOFTWARE INTERNATIONAL LIMITED
Regd. Office: No.29, 7th Cross, 14th Main, Vasanthnagar
Bangalore-560 052

Consolidated Unaudited Financial Results for the Quarter ended June 30, 2009

Particulars 3 Months Ended Year Ended
30.06.2009 30.06.2008 31.03.2009
1 Net Sales/Income from Operations 12,180.21 11,527.76 50,879.26
Total Income 12,180.21 11,527.76 50,879.26
2 Expenditure
a. (Increase)/decrease in stock in trade and work in progress (29.85 ) (66.13 ) (206.51 )
b. Purchase of traded goods 2,851.11 2,435.94 11,428.65
c. Employees cost 2,191.42 1,489.12 8,043.66
d. Depreciation 2,009.39 1,505.95 7,689.91
e. General & Administrative Expense 1,296.18 1,946.25 9,618.73
f. Total 8,318.26 7,311.13 36,574.44
3 Profit from Operations before Other Income, Interest and Exceptional Items (1-2) 3,861.95 4,216.63 14,304.82
4 Other Income 0.86 14.91 2,006.32
5 Profit before Interest and Exceptional Items (3+4) 3,862.81 4,231.54 16,311.14
6 Interest (Net) 944.63 522.98 3,001.82
7 Profit after Interest but before exceptional Items (5-6) 2,918.18 3,708.56 13,309.32
8 Exceptional items - - -
9 Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) 2,918.18 3,708.56 13,309.32
10 Tax expense 107.74 526.86 1,178.10
11 Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) 2,810.44 3,181.70 12,131.22
12 Extraordinary Items (Net of tax expenses Rs. Nil) - - -
13 Net Profit(+)/ Loss(-) for the period (11-12) 2,810.44 3,181.70 12,131.22
14 Paid-up equity share capital of Rs.2/- Each 2,355.34 2,293.36 2,355.34
15 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year - - 64,254.44
16 Earnings Per Share (EPS) (not annualized)
a) Basic (Rs.) 2.39 2.77 10.30
b) Diluted (Rs.) 2.05 2.44 9.36
17 Public shareholding
- Number of shares 74,573,850 71,474,970 74,573,850
- Percentage of shareholding 63.32 % 62.33 % 63.32 %
18 Promoters and promoter group Share holding 43,193,000 43,193,000
a) Pledged/Encumbered
Number of shares 39,354,000 38,180,000
Percentage of shares (as a % of the total shareholding of promoter and promoter group) 91.11 % 88.39 %
Percentage of shares(as a % of the total share capital of the company) 33.42 % 32.42 %
b) Non-encumbered
Number of shares 3,839,000 5,013,000
Percentage of shares (as a % of the total shareholding of peromoter and promoter group) 8.89 % 11.61 %
Percentage of shares (as a % of the total share capital of the company) 3.26 % 4.26 %

CRANES SOFTWARE INTERNATIONAL LIMITED
Segment Wise Revenue, Results & Capital Employed

(Rs. in lakh)
Particulars Unaudited Audited
3 Months Ended Year Ended
30.06.2009 30.06.2008 31.03.2009
1 Segment Revenue
(a) International 11,681.62 10,244.87 45,085.84
(b) Domestic 498.59 1,282.89 5,793.42
Total 12,180.21 11,527.76 50,879.26
Less: Inter Segment Revenue - - -
Net sales/Income From Operations 12,180.21 11,527.76 50,879.26
2 Segment Results (Profit)(+)/ Loss (-)

before tax and interest from Each segment)
(a) International 3,591.60 3,892.59 13,303.09
(b) Domestic 270.34 338.95 1,020.52
Total 3,861.94 4,231.54 14,323.61
Less: i) Interest 944.63 522.98 3,001.82
ii) Other Un-allocable Expenditure net off
(iii) Un-allocable income 0.86 - 1,987.53
Total Profit Before Tax 2,918.17 3,708.56 13,309.32
3 Capital Employed
(Segment assets - Segment Liabilities)
(a) International 150,037.92 89,804.87 118,367.43
(b) Domestic 16,670.88 29,990.38 37,379.19
Total 166,708.80 119,795.25 155,746.62

Notes:
1 The above results have been approved by the Audit Committee and taken on record by the Board of Directors at its meeting held on July 30, 2009

2 The Statutory Auditors have conducted a limited review of accounts for the aforesaid period.

3 The Consolidated results have been prepared in accordance with the requirements of Accounting Standards-21 and Segment report in accordance with Accounting Standards-17 issued by ICAI

4 There were no investor complaints at the beginning of the Quarter, one complaint was received during the Quarter and was pending at the end of the Quarter.

5 The consolidated results includes results of following:
Name of the Company % of Holding Company

holding
Systat Software Asia Pacific Ltd., 100% Cranes Software International Ltd.,
Systat Software Inc., USA 100% Cranes Software International Ltd.,
Cranes Software UK Ltd., 100% Systat Software Inc., USA
Cranes Software International Pte. Ltd., 100% Cranes Software International Ltd.,
Systat Software GmbH., 100% Cranes Software International Ltd.,
Cranes Software Inc., USA 100% Cranes Software International Ltd.,
Analytics Systems Pvt. Ltd., 100% Cranes Software International Ltd.,
Tilak Autotech Pvt. Ltd., 100% Cranes Software International Ltd.,
Dunn Solutions Group Inc., 100% Cranes Software Inc., USA
Caravel Info Systems Pvt. Ltd., 100% Cranes Software International Ltd.,
Proland Software Pvt. Ltd., 100% Cranes Software International Ltd.,
Engineering Technology Associates Inc., USA 100% Cranes Software Inc., USA
Engineering Technology Associates (Shanghai) Inc., China 100% Engineering Technology Associates Inc., USA
Esqube Communication Solutions Pvt Ltd 76% Cranes Software International Ltd.,
Cubeware GmbH 100% Systat Software GmbH

6 Previous period figures have been regrouped/reclassified wherever necessary.

7 Standalone Results of the company are available in website www.cranessoftware.com

By Order of the Board

Place: Bangalore Asif Khader
Date: July 30, 2009 Managing Director

About Cranes Software International Limited: www.cranessoftware.com

Cranes Software International Limited, through its software products and
productized solutions addresses the needs of scientists, engineers, researchers,
and decision makers in multinational companies, governments, defence
establishments, academia and research institutions in the aerospace, automotive
engineering, banking and financial services, bioinformatics, biology, biotech,
chemistry, physics, communications, consumer research and marketing,
criminological sciences, cryptography, defence, electronics engineering,
empirical analysis, engineering, environmental sciences, genetics, geo sciences,
life sciences, material characteristics, material sciences, medical research,
oil exploration, pathology, psychological research, quality control, remote
sensing, signal processing and telecommunications space. While Cranes Software`s
core areas of operations are Enterprise Analytics, Engineering Design,
Simulation and Testing, the company's business interests also include high-end
training services and R & D in future technologies.

Cranes Software offers a range of proprietary products - SYSTAT, SigmaPlot,
SigmaStat, SigmaScan, TableCurve 2D, TableCurve 3D, PeakFit, NISA, NISA/CIVIL,
NISA DesignStudio, eta/VPG, eta/DYNAFORM, XID, XIP, Survey ASYST, iCap Reporter,
iCap Webmaster, iCap Dashboarder, iCap Data Primer, InventX, Cubeware Cockpit,
Cubeware Team Server, Cubeware Importer, Protector Plus, and world-renowned
products from reputed principals such as Livermore Software Technology
Corporation, The Mathworks, Texas Instruments, dSPACE, Mentor Graphics, IBM,
Siemens, Genomatix Software Inc. and Breault Research. The company also has
alliances with Microsoft, BusinessObjects, BEA, Borland, Net Solutions,
Anantara, Wipro and Craft Silicon. Cranes Software has a presence in 39
countries (through its direct offices, subsidiaries, channel partners, franchise
relationships and other alliances) and has global user base of over 350,000
users.

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.

Note to the announcement:

This press release discusses the audited financial performance of Cranes
Software International Limited on a consolidated basis. This includes the
performance of its subsidiaries Systat Software Asia Pacific Ltd., Systat
Software Inc., USA, Systat Software GmbH., Germany,., Cranes Software Inc., USA,
Cranes Software UK Ltd., Cranes Software International Pte. Ltd., Analytics
Systems Pvt. Ltd., Tilak Autotech Pvt. Ltd., Dunn Solutions Group Inc., Caravel
Info Systems Pvt. Ltd., Proland Software Pvt. Ltd., Engineering Technology
Associates Inc., USA (ETA Inc., USA) and Engineering Technology Associates
(Shanghai) Inc., China (Subsidiary of ETA Inc., USA), Esqube Communication
Solutions Pvt. Ltd. and Cubeware GmbH.

Cranes Software International Limited
Akila Lean, +91 080 40789701
Fax: +91 080 4151 6500
akila.lean@cranessoftware.com
or
Citigate Dewe Rogerson
Gavin Desa, +91 22 4007 5036
Fax: +91 22 2284 4561
gavin@cdr-india.com
Aditya Bedi, +91 22 4007 5036
Fax: +91 22 2284 4561
aditya@cdr-india.com

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