Craneware, a Scotland-based revenue cycle systems company, recorded a 16 percent increase in revenue for the 2017 fiscal year ended June 30, insider.co.uk reports.
The company estimates full-year revenues will be about $57.8 million.
Keith Neilson, CEO of Craneware, said the company is experiencing "ongoing double digit growth" and the first sales of its cloud-based platform Trisus. The company will release its full-year financial results Sept. 5, the report states.