6th Jul 2016 08:22
LONDON (Alliance News) - Craneware PLC on Wednesday said revenue and adjusted earnings grew by double-digits in the year to the end of June following a strong run of snapping up new contracts.
The company, which provides software to the US healthcare sector, said new sales contracts signed in the year totalled USD58.0 million, 60% higher than the USD35.9 million secured in the year to June 2015.
In addition to a large, 50-hospital group contract signed in February, Craneware said it has also recently secured a further multi-hospital contract win, which will generate around USD8.0 million in revenue over the next five years.
Thanks to the contract wins, Craneware expects to post 11% growth in revenue and 10% growth in adjusted earnings before interest, taxation, depreciation and amortisation for the year to June 30.
Craneware will publish its annual results on September 6.
Shares in Craneware were up 7.6% to 855.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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