Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Craneware's top line growth on track

Craneware's top line growth on track

 

Craneware (LON:CRW), the software solutions provider focused on the US healthcare market, saw first half revenue grow in line with expectations.

Revenue of US$20.1mln in the first half of the current financial year was up from US$18.8mln in the first half of last year.

Underlying earnings (EBITDA) grew by around 15% in comparison to last year’s interim EBITDA of US$4.65mln.

Keith Neilson, chief executive of Craneware, commented: "The increased levels of sales activity discussed at the time of our final results in September 2012 have begun to contribute to revenue growth. Fiscal and regulatory pressures on US hospitals, including the recently announced expansion of the Medicare Recovery Audit Contractor Programme, continues to drive interest in our suite of software solutions and we are confident in the ongoing strength of our position within this growing area of the US healthcare market."

Shares in Craneware were unchanged in early trading.

 

John Harrington
January 21 2013 John Harrington


Register here to be notified of future CRW Company articles

Timeline

Newswire
March 11 2014
Article
November 08 2012
Newswire
February 28 2012

Related Articles

May 19
A team that’s enjoyed success twice in online bingo has brought its latest venture to the AIM market.
March 27

Another day, another contract win for cloudBuy. After yesterday's deal in the Middle East, today's deal is an equally impressive collaboration with  a major US Cloud-based provider of procurement services.

March 19 2014

Forbidden Technologies which owns the cloud based video editing platform FORscene,  recently released its 2013 prelims. Proactive Investors (PI) caught up with chief executive Stephen Streater (SS) to discuss the results and see what 2014 has in store.


© Proactive Investors 2015