By Elena Vardon
Craneware on Monday said it is well positioned for fiscal 2024 and beyond as it has had a strong start to the year following a rise in sales in fiscal 2023.
The U.K.-based healthcare-software provider said it delivered incremental revenue and saw further sales momentum in the last quarter of fiscal 2023. The company has a strong balance sheet as well as high levels of annual recurring revenue and is seeing early signs of increasing customer confidence, it said.
Craneware expects to report revenue for the year ended June 30 of around $174 million, at the top end of market expectations and a 5% on-year increase. Adjusted earnings before interest, taxes, depreciation and amortization is seen at $54 million, up 5%, with a stable 31% Ebitda margin, it said.
The group said it is extending its current share buyback program by three more months under the same terms.
Write to Elena Vardon at [email protected]
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