Craneware sees 'positive momentum' carry over into FY25

Software firm Craneware confirmed on Wednesday that the "positive momentum" seen in FY24 has continued into the current year, with prior investments supporting continued revenue and underlying earnings growth.

Craneware said it continued to trade in line with current market expectations for the year ending 30 June 2025 and stated the strength of its balance sheet, high levels of recurring revenue and strong cash generation provided it with "solid foundations".

"The board remains confident in achieving growth acceleration over the near term, creating further long-term value for all stakeholders," said the AIM-listed firm.

As of 1140 GMT, Craneware shares were up 2.20% at 2,320.0p.

Reporting by Iain Gilbert at Sharecast.com