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Craneware Announces Fiscal Year-End Results
Date:9/8/2009

ATLANTA, Sept. 8 /PRNewswire/ -- Craneware, Inc. (AIM: CRW.L), a leader in sustainable financial improvement solutions for the U.S. healthcare market, is pleased to announce results for the year ended June 30, 2009.

Financial Highlights

  • Record levels of contracted sales in the year totaling $43.2m (FY08: $25.7m), 68% up from the previous year, contributing to:
    • 23% increase in revenues to $23.0m (FY08: $18.7m)
    • 51% increase in future revenues under contract to $60.1m (FY08:$39.9m)
  • Profit before share based payments, depreciation and amortization increased 29% to $5.8m (FY08: $4.5m)
  • Profit before taxation increased by 40% to $5.9m (FY08: $4.2m)
  • Cash position increased 24% to $26.1m (FY08 $21.1m)
  • Basic EPS increased to $0.18 (FY08: $0.14) and diluted to $0.17 (FY08: $0.13)
  • Final dividend proposed of 2.9p (4.77 cents) per share giving a total dividend for the year of 4.7p (7.43 cents) per share (FY08: 3.1p (4.96 cents) per share)

Operational Highlights

  • New product lines contributed $10.1m (23%) to total contracted sales during the year
  • Extended market reach through partnership deals with Premier, Amerinet and Perot
  • Signed significant reseller agreement with McKesson Corporation post year-end
  • Accelerated investment in sales and marketing activities
  • Proposed U.S. Healthcare reforms trend toward increased regulation and new market opportunities

Keith Neilson, CEO of Craneware, commented, "The U.S. healthcare system is currently undergoing an unprecedented level of change and public scrutiny. This combined with the global economic downturn means healthcare organizations are experiencing extraordin
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SOURCE Craneware, Inc.
Copyright©2009 PR Newswire.
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