Cerner Corporation announced today results for the first quarter of 2010, showing a growth in bookings, revenue, earnings and cash flow.
Bookings in the first quarter of 2010 increased to $404.9 million, up 22 percent from $332.8 million in the first quarter of 2009 and a record high for first quarter bookings. First quarter revenue was $431.3 million, up 10 percent compared to $392.3 million the same period one year ago.
On a Generally Accepted Accounting Principles (GAAP) basis, first quarter 2010 net earnings were $50.3 million, and diluted earnings per share were $0.59, also up from 2009. First quarter cash collections of $483.7 million and an operating cash flow of $105.5 million were also reported.
Cerner Corporation, headquartered in Kansas City, MO, specializes in solutions to optimize processes that eliminate error, variance and waste for healthcare organizations.