Craneware: String Trading Continues, Sees FY In Line

14th Jul 2010 07:33

LONDON (Dow Jones)--Craneware PLC (CRW.LN), an automated revenue integrity solutions company focused on the U.S. healthcare market, said Wednesday strong growth continued during the year and it expects to report results for the year ended June 30 in line with management expectations. MAIN FACTS: -The total value of contracts signed during the year will be the highest in the Company's history, increasing by over 25% against the prior year (2009 $43.2 million). -This growth is driven by the Company's increased product range and strengthening of its partner relationships, supported by favorable conditions in the U.S. healthcare market. -The majority of this revenue will, however, be recognized in future periods in accordance with the Company's annuity revenue model, adding to its already high visibility of future revenues. -Confident regarding the future for Craneware. -Shares closed Tuesday at 400.0 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 14, 2010 02:33 ET (06:33 GMT)