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Cranes Q3 PAT up 39 per cent

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CIOL Bureau
New Update

BANGALORE, INDIA: Cranes Software International Ltd. (CSIL) reported a net profit Rs 313.76 million, for the third quarter ended December 31, 2007, registering a 39 per cent year-on-year growth.

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The company’s total income increased by 47 per cent from Rs 717.55 million to Rs 1051.36 million.

“We continue to witness robust demand for our software products and remain focused in our endeavor to maximize gains from productivity and business efficiency,” said Asif Khader, managing director, Cranes Software International Limited.

The company’s overseas revenues were up 55 per cent at Rs 863.90 million and constitute 82 per cent of total revenues. Domestic revenues rose 10 per cent YoY from Rs 158.93 million to Rs 174.48 million.

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