Craneware results fail to boost shares

1 mins. to read
Craneware results fail to boost shares

The price of shares in software developer Craneware (LON:CRW) dropped by 2.82% to 2,031p (as of 14:20 GMT) after it posted results for the six months ended 31st December. Revenues were up by 6% and pre-tax profits improved by 3%. New sales for the period were 30% higher than during the comparative period.

CEO Keith Neilson commented: “The positive performance in the first half of the year provides a strong foundation for future growth. We are making considerable progress on our Trisus expansion strategy and seeing accelerated adoption of this cloud-platform by our existing and new customers.

Managing the impact of the COVID-19 pandemic has clearly been the top priority for all healthcare-related organisations over the past year and will continue to be the case for many months to come, providing front-line care while adjusting to new methods of healthcare delivery and ensuring their financial operations can respond . Our customers continue to take steps to create further resilience across their financial operations and we are committed to providing them with the tools and insight to do so.

The first half’s positive sales performance has continued with ongoing pipeline growth, a growing Trisus customer base, expanding offering and clear market need. While cognisant of the challenges presented by the macro environment, we are confident in the continued positive performance of the business and accelerated growth rates moving forward“.

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