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Craneware enjoys positive start as tracks in line with expectations

16th Nov 2023 11:44

(Alliance News) - Craneware PLC on Thursday said it has "enjoyed" a positive start to its new financial year, as it trades in line with management expectations.

Craneware is a Edinburgh-based provider of solutions helping to improve financial performance in the US healthcare market.

Ahead of its annual general meeting on Thursday, Craneware said it has "enjoyed" continued positive financial and operational performance since the start of the new financial year. The company's financial year runs to June 30.

It noted that trade has been in line with management expectations.

"The partner opportunities which launched at the end of the last financial year continue to gather momentum and the underlying sales pipeline continues to build, converting at an encouraging rate into revenue," it said.

Looking further ahead, Craneware said: "We are confident that our resilient business model, extensive customer base, high levels of annual recurring revenue, together with our strategy for delivering growth centred on the expansion of the Trisus platform, will enable us to create further long-term value for all our stakeholders."

Trisus is the company's cloud-based data analytics and intelligence platform.

Shares in Craneware were down 1.5% to 1,600.00 pence each in London Thursday morning.

By Sophie Rose, Alliance News senior reporter

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