Craneware Revenue Increased 8% in FY 2012

Revenue cycle firm Craneware released its fiscal year 2012 results, and its revenue swelled 8 percent from FY 2011.

In FY 2011, Craneware recorded revenues of $38.1 million, and in FY 2012, that total jumped to $41.1 million. Adjusted EBITDA also increased 18 percent to $11.9 million.

Craneware's before-tax profits totaled $11.2 million in FY 2012, a 29 percent increase from $8.7 million last year.

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