Cranes Q1 revenue soars in 2002

BANGALORE: Cranes Software International Ltd (CSIL) has announced the unaudited

results for its first quarter ended June 30, 2002. The company posted a turnover

of Rs 683.93 lakh with a consolidated turnover of over Rs 838.12 lakh. Revenues

in the quarter rose to 253 percent, up from Rs 270.11 lakh in the corresponding

quarter of the previous year. The profit after tax is reported at Rs 192.45 lakh.

Asif Khader, Co-founder, CEO & MD said,

"We have always been focused in the domain area of Scientific and

Engineering Software Solution. To grow deeper into the field we have constantly

improvised on our marketing skills and introduced strategic business plans. This

has in-turn helped us enhance our consolidated revenues for this quarter and

will also post a promising turn over for the year"