Revenue management software maker Craneware posted a rise in full-year pretax profits on higher revenues, and said that its current year has started well. The company added the number of US hospitals employing its software increased 19% to 950.

For the year to June 30th, the company said its pretax profits rose to $4.5m from $3.8m recorded a year earlier as revenues grew 24% to $18.7m.

'Our high level of visibility over $18.3m of revenue at the beginning of the year has been augmented by a strong pipeline of new sales opportunities, as a result of which we expect to exceed our expectations for the full year,' said CEO, Keith Neilson.

Story supplied by MoneyAM