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The Markets
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The Markets
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Proactive UK has moved.
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Software & services

Craneware rallies following optimistic trading update

Craneware PLC (AIM:CRW) shares surged 9.7% after the AIM-listed software provider to the US healthcare market delivered its full-year results.

Revenue increased 9% to $189.3 million and profit before tax surged 20% to $15.7 million.

“We see increased opportunity ahead,” said chief executive Keith Neilson.

“Our alliance with Microsoft will allow us to accelerate innovation and explore new AI-based applications in an efficient manner which, alongside the breadth of the Trisus platform, our unique data assets and our considerable and extensive customer base provides significant scope for expansion in the size of our addressable market.

On Tuesday morning, the sock was trading at 2,270p with an £802 million market capitalisation.

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