Craneware upbeat following healthy rise in deals

Software firm Craneware today predicted that its first-half earnings would grow by at least 10 per cent on the back of rising contract wins.

The Edinburgh-based company, which makes billing systems for US hospitals, said the total value of contracts signed in the six months to 31 December was 10 per cent higher than a year ago.

Craneware, headed by chief executive Keith Neilson, also said it was confident of meeting City hopes for the full year, with the second half benefiting from an increase in revenues booked from previously-booked contracts.

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Neilson added: “The continuation of a strong sales performance, supporting ongoing growth that increases in future periods, gives management confidence in its ability to deliver increasing stakeholder value through this year and in the future.”