StockMarketWire.com - Craneware's positive sales momentum in the prior year is continuing into this current year, shareholders at the annual general meeting later today will be told.
Chief executive Keith Neilson will say: ""We have benefited from the positive sales momentum of the prior year continuing into this current year. The accrued revenue balance from the guaranteed minimum revenues associated to a partner deal which peaked during FY14 has been substantially cleared; this combined with the sales levels experienced has contributed to strong levels of cash collection in the first quarter.
"Further, the Company has completed two equity transactions, the first being the share 'buy-back' and the second being the acquisition of the emerging technology company, Kestros Limited. Kestros provides a platform in the high growth Patient Access market, as the Company addresses the growing level of consumerisation within healthcare."
"We remain focused on the execution of our growth strategy and look forward to continuing to grow shareholder value in the year ahead."
Story provided by StockMarketWire.com
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