Craneware reports sustained financial performance

16th Nov 2023 14:15

(Sharecast News) - Healthcare software specialist Craneware reported sustained positive financial and operational performance in the new financial year on Thursday.

The AIM-traded firm, which was holding its annual general meeting, said partner opportunities launched in the previous financial year were gaining traction, with a growing sales pipeline translating into revenue at a promising rate.

Financial results were on track with management expectations.

The board explained that US healthcare facilities were shifting their focus towards providing value-based care and bolstering their operational resilience through enhanced financial and operational insights.

Craneware said it aimed to play a pivotal role in the digital transformation by using its cloud-based data analytics and intelligence platform, Trisus.

The company said it aspired to be a key player in the digitalisation of US healthcare by leveraging data to enhance processes.

"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," Craneware said in its statement.

At 1351 GMT, shares in Craneware were up 1.54% at 1,650p.

Reporting by Josh White for Sharecast.com.