StockMarketWire.com - Craneware posts pre-tax profits of $12.5m for the year to the end of June - up from $11.3m last time.

Total contract value in the year continues at record levels of $72.9m (FY14: $71.0m); revenue increased to $44.8m (FY14: $42.6m) and adjusted EBITDA rose by 10% to $14.4m (FY14: $13.1m).

Chief executive Keith Neilson said: "This year has seen Craneware continue its record level of sales, but perhaps more importantly has seen the anticipated emergence of a high growth financial analytics and performance market. Major changes in reimbursement and care delivery models have made understanding and reducing the cost of care mission-critical for every healthcare provider in the US.

"As we expand our offerings into this value-driven healthcare market and pioneer the Value Cycle, we are confident that our position as a trusted financial performance partner will strengthen. This provides a significant opportunity for the expansion of Craneware. This opportunity combined with the business' financial strength means we look to the future with confidence."




At 8:04am: [LON:CRW] Craneware PLC share price was +7.5p at 637.5p



Story provided by StockMarketWire.com