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Cerner Revenue Jumps 30 Percent in 2015

February 17, 2016
by Rajiv Leventhal
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On a Feb. 16 earnings conference call, Kansas City, Mo.-based vendor Cerner Corp. reported a full-year 2015 revenue of $4.43 billion, up 30 percent compared to 2014 revenue.

Bookings in the fourth quarter of 2015 were $1.35 billion, an increase of 16 percent compared to $1.16 billion in fourth quarter 2014.  Full-year 2015 bookings were a record $5.43 billion, up 28 percent compared to 2014 bookings of $4.25 billion. Fourth quarter revenue was $1.175 billion, an increase of 27 percent compared to $926 million in the year-ago period. 

“Our fourth quarter results reflect a solid finish to a record year,” Zane Burke, Cerner president, said on the call. “In 2015, we added more than double the number of new EHR clients than any year in our history, including both large health systems and small hospitals. We also continued to advance our cloud-based HealtheIntent platform and had a very strong year of selling our population health solutions both inside and outside our EHR installed base.”

Cerner officials said that it expects first quarter 2016 revenue to be between $1.15 billion and $1.2 billion, with full-year 2016 revenue between $4.9 billion and $5.1 billion.

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