Strong pipeline

Craneware recovers momentum with growth in sales

Keith Neilson

Keith Neilson: ‘confident’

Health care software firm Craneware has recovered its momentum following last year’s slip in sales, according to Keith Neilson, chief executive.

The Edinburgh-based company whose business is focused on the US, said it had as strong sales pipeline for the current financial year. It is currently hiring up to 100 software engineers and other staff in Edinburgh and Glasgow.

As at end of last month it had total visible revenues of $72.2m for this year and $200.8m for the three-year period to June 2022 (H1 2019 same three year period: $190.0m)  

The board said it was confident in the outlook for the full year and beyond, ane expectations remain unchanged

Profit before tax for the half year to the end of December increased 3% to $9.6m (H1 2019: $9.3m) on standstill revenue of $35.9m.

The company has increased its interim dividend by 5% to 11.5p per share (H1 2019: 11p per share).

It was hit last year by disruption in the processing of new contracts. The shares fell 34% after it declared in June that sales growth would be slower.

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