Earnings rise at Craneware

Published: 11 September 2019

Edinburgh tech firm Craneware has reported a double-digit earnings rise , as it targets a “huge” opportunity in the US healthcare market.

The hospital billing software provider, which currently serves around one third of US hospitals, posted an 11 per cent increase in adjusted underlying earnings to $24 million (£20m) for the year to June.

The underlying metrics are very good in the business. Cash generation and renewals are very positive, as are growth opportunities going forward...

Keith Neilson , Chief Executive , Craneware

 

Revenues were up by 6 per cent to $71.4m, in line with guidance issued in June. Craneware pointed to a “healthy sales mix”, with 45 per cent of sales relating to new customers, as the trend for US healthcare providers to switch to value-based care benefits the business...

Full story via The Scotsman News

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