Craneware PLC has lowered its revenue forecast to around $185 million for the year ending June 2027 following a cyber security incident in July. Despite the setback, the company reported a 7% rise in statutory profit before tax to $25.8 million and a 3% increase in adjusted EBITDA to $67.1 million for the year ending June 30, 2026. The cyber incident caused uncertainty, prompting a cautious outlook, but customer services and core operations were not disrupted. Craneware is reviewing costs while maintaining its EBITDA margin and expects improved market conditions in the US 340B drug pricing program to boost demand later in the year. Cash flow remains strong, supported by a $25 million share buyback, and the company declared an unchanged dividend of 32p per share.
Craneware's updated revenue outlook and profit rise provide context for the current market environment. For readers following the Technology sector, here is Pluang's market snapshot as of Sep 21, 2026 11:01 WIB: out of 150 US tech stocks, 80 advanced while 69 declined. Notable gainers include MSTR at USD 155.80 with a 23.47% increase and BTDR at USD 13.12 with an 18.95% rise.
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