StockMarketWire.com - Craneware saw double-digit revenue and profit growth in the year to the end of June.

Revenue increased 16% to $57.8m; adjusted EBITDA rose by 13% to $18.0m and profit before tax was up 22% at $16.9m.

The proposed final dividend of 11.3p (14.71 cents) per share takes the total dividend for the year to 20.0p (26.04 cents) per share (FY16: 16.5p (22 cents) per share).

Chief executive Keith Neilson said: "We are delighted to report that, with record levels of revenue and profitability, the launch of our Trisus platform with secured sales for the first Trisus product (Trisus Claims Informatics), and the launch of Craneware Healthcare Intelligence, this was the year in which we saw our unique vision of the Value Cycle, turn from concept to reality.

"While laying out our vision for the Value Cycle over the last two years, Craneware has delivered double digit growth in our key metrics, including revenue and profit, supported by sales success throughout the period.

"We have expanded our product suite into the Value Cycle; developed a new cloud-based technology platform, Trisus; and created a new Group business, Craneware Healthcare Intelligence, all significantly increasing the Company's total addressable market.

"At the same time we have been investing in improving our customers' experience and have returned in excess of $15m to shareholders by way of dividends and share buy backs.

"The unceasing evolution of the US healthcare market towards value-based care presents us with an ongoing, growing market opportunity and the investments we have made mean we now have the potential to deliver against this expanding opportunity.

"With our sales pipeline increasing each year, this increased scalability and opportunity, combined with our high levels of revenue visibility, strong cash position and extensive customer base provide us with confidence in Craneware's ongoing success."








At 8:23am: [LON:CRW] Craneware PLC share price was +45p at 1325p



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