16th Jul 2015 08:22
LONDON (Alliance News) - Software company Craneware PLC on Thursday said it expects its revenue to rise slightly for the financial year to the end of June.
The company said it expects its full-year revenue to be USD44.5 million to USD45.0 million, compared to USD42.6 million a year earlier, with its adjusted earnings before interest, taxation, depreciation and amortisation to be USD14.0 million to USD14.5 million, up from USD13.1 million.
Revenue growth has been held back by the revenue recognition policy Craneware uses, meaning the vast majority of the USD72.5 million in contracts its secured in the 2015 financial year has not been booked and will instead be registered in future years.
"We are delighted with the continued level of strong sales throughout the period that underpin the group's financial and operational performance. We believe this continues to demonstrate our solutions' importance in supporting US hospitals as they transition towards value based healthcare," said Chief Executive Keith Neilson.
Shares in Craneware were untraded Thursday, having last traded at 649.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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