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Insider UK
Insider UK
Technology
Peter A Walker

Craneware reports rising revenue and earnings

Craneware's first half revenues are expected to increase by 6% to approximately $84.7m, while adjusted earnings before tax are up by 8% to $25.5m.

The software solutions provider targeting the US healthcare market also revealed cash reserves of $38.6m - down from $41.7m at the last half-year stage - and total bank debt of $107.9m - down from $114.6m.

Its trading update for the six months ended 31 December 2022 explained that software revenues "remain robust", with bookings across the product offering, despite the end market suffering the effects of inflationary pressures as it continues to recover from the pandemic.

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