Craneware Reports Strong FY24 Financial Growth

Craneware (GB:CRW) has released an update.

Craneware has reported a robust financial performance for FY24, with revenue surpassing market expectations at $188m, an 8% increase from the previous year, and adjusted EBITDA also seeing a 6% rise. The company’s strategic investments, particularly in the Trisus platform, have paid off with strong sales, high customer retention, and a growing Annual Recurring Revenue of $172m. Craneware’s balance sheet remains solid with significant debt reduction and retention of healthy cash reserves, positioning it well for future growth and an alliance with Microsoft to explore AI-based applications.

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