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Cerner Reports First Quarter Growth

April 30, 2010
by root
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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.

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