Scotland business

Hospital IT firm Craneware reports another record sales year

Hospital reception Image copyright Thinkstock
Image caption Craneware specialises in billing software for the US healthcare market

Hospital IT company Craneware has announced record sales for the third year in a row.

The Edinburgh-based firm, which provides billing software for the US healthcare market, said "new sales" contracts amounted to $58m (£44.6m) in the year to the end of June.

The total was more than 60% up on the previous year.

In a trading update, Craneware said it expected to see revenues for the year rise by 11% and adjusted profit by 10%.

Significant new sales included a deal with a network of 50 hospitals worth more than $7.5m (£5.7m) over five years.

It also secured a five-year multi-hospital group contract, which is expected to deliver revenue of more than $8m (£6.1m) from 2017.

The company, which employs about 200 staff, will announce its full-year results on 6 September.

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