Cerner year-end revenue increases 8% since 2015
Kansas City, Mo.-based Cerner released its 2016 financial results Feb. 9.
Here are four things to know.
- In the third and fourth quarters of 2016, the company reported GAAP net earnings of $170 million and $149.7 million, respectively. Cerner's profits also decreased by 9.9 percent between Q3 and Q4, according to Kansas City Star.
- The company's total revenue, however, rose 8 percent between 2015 and 2016. In 2016, Cerner reported total revenue of $4.8 billion. In 2015, it reported $4.43 billion.
- The company's full-year operating earnings also increased in the past year. In 2016, Cerner reported operating earnings of $911 million, compared to $781 million in 2015.
- The company expects full-year revenue for 2017 to land between $5.1 billion and $5.3 billion. Cerner also expects to hit revenue of $1.2 billion to $1.275 billion in the first quarter of 2017.
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