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Cranes Software International Ltd.

BSE: 512093 Sector: IT
NSE: CRANESSOFT ISIN Code: INE234B01023
BSE LIVE 15:40 | 09 Dec 1.68 -0.06
(-3.45%)
OPEN

1.78

HIGH

1.78

LOW

1.65

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.78
PREVIOUS CLOSE 1.74
VOLUME 8637
52-Week high 4.65
52-Week low 1.42
P/E
Mkt Cap.(Rs cr) 19.78
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.78
CLOSE 1.74
VOLUME 8637
52-Week high 4.65
52-Week low 1.42
P/E
Mkt Cap.(Rs cr) 19.78
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cranes Software International Ltd. (CRANESSOFT) - Chairman Speech

Company chairman speech

CRANES SOFTWARE INTERNATIONAL LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, It is with pleasure that I invite you to go through this Annual Report and learn how your Company has performed during the last financial year. I am sure that you will be more than happy to see a robust growth even in the times of uncertain economic conditions that we are all very aware of. All businesses around the world have been affected by the global meltdown the individual analysis is generally restricted to the evaluation of the severity. The core business of a Company forms its DNA that also defines its vulnerability in the face of an onslaught of any epidemic. Choosing the core business carefully is akin to designing your immune system and as you can see, our selection of core business in engineering and scientific software space has held us in good stead. As any other business, we have been affected by the current global business climate as well, but the effect has been largely on short term parameters such as cash flow, rather than on the demands of our core products and services. In the technology space, every global meltdown since world war II has, if anything only increased the demands on innovation and technical solutions. The current financial crisis is no exception. Now there is increased demand on analytical tools all over the world, in almost every sphere of human activity, for better assessment of risks, early detection of signatures of impending disasters, pattern recognition, scenario planning and incredible amounts of simulations. With three broad divisions of Cranes-Analytics, Engineering, and Technology-your Company has positioned itself really well to meet the increased demands from society in these difficult times and in this process deliver value for your investments as well. You are aware that your Company has grown to its current strengths through a series of acquisitions. All our acquisitions have been, of course, in the chosen areas of our core business. These acquisitions have thus resulted in accumulation of quite a few technologies. Our fervent desire is to integrate these technologies and leverage cross fertilization. In the software technology space, this is typically a non trivial task as the basic architectures are many times incompatible. Bringing them on common architectural platforms requires quite a bit of R & D. This activity requires investments of both resources and time. This is where I see most of our challenges in coming years. How well we do this integration and use synergies to deliver new products is what will define our future path. We are, fortunately, set on the right path and, with your continued support and encouragement, we should not only weather the current storms but come out ahead when the sun shines again in the global business world. Rudra Pratap Chairman

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