StockMarketWire.com - Craneware's revenues rose to $42.6m in the year to the end of June - up from $41.5m and the group reports a record sales performance during the year.

The total value of contracts signed in the year increased by 84% to $71.0m (FY13: $38.5m).

Adjusted earnings before interest, tax, depreciation and amortisation rose to $13.1m (2013: $12.4m) and adjusted profit before taxation increased to $11.9m (2013: $11.2m). Profit before tax increased to $11.3m (2013: $10.6m).

Chief executive Keith Neilson said: "We have been pleased with the group's performance in the year. We have seen signs of growing customer confidence and believe Craneware is increasingly well positioned to address a growing market opportunity in what is the largest software vertical in the world; the US healthcare market.

"Craneware remains at the forefront of providing solutions to US healthcare providers to help them achieve revenue integrity through the management of their cost base whilst ensuring receipt of all legitimate reimbursement. We believe true revenue integrity is required if healthcare providers are to continue to support improved patient care and clinical outcomes.

"Investments in the business mean we have the people and the expertise in place to take us through the next stage of growth, building on our record sales performance. We have had a strong start to the current year, carrying on the momentum from the previous year and are confident we have the platform to deliver ongoing increased stakeholder value."




At 8:19am: [LON:CRW] Craneware PLC share price was +2.5p at 520p



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