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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.

 

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