Cranes Q4 net up 20% to Rs 25 crore

Cranes Software has posted a 20% growth in consolidated net profit at Rs 24.55 crore for the fourth quarter ended March 31, 2007. The company has attributed this to strategic acquisitions in the analytics space as well as the successful launch of new versions of its software products.

The consolidated revenue in Q4FY07 increased 29% to Rs 82.77 crore.

For fiscal 2006-07, the company posted a 39% increase in net profit to Rs 87.1 crore, and consolidated revenue increased 35% to Rs 284.86 crore.

The board has recommended a dividend of 20% and a special dividend of 30% aggregating 50% (Re 1 per share).