Five things to know about the EHR vendor’s financial performance:
1. Cerner posted $1.39 billion in revenue for the first quarter, up 8 percent from $1.29 billion from the same period last year.
2. The EHR vendor reported $166.21 million in net earnings, up 3.75 percent from $160 million during the first quarter of 2018.
3. Professional services contributed to most of Cerner’s first-quarter revenue at $490.43 million, up 11.1 percent from $441.26 million from the first quarter of 2018. Additional major revenue drivers included managed services ($304.39 million), support and maintenance ($276.96 million) and licensed software ($154.47 million).
4. Cerner anticipates its second quarter of 2019 revenue to be between $1.41 billion and $1.46 billion.
5. The company expects its full-year 2019 revenue to be between $5.65 billion and $5.85 billion.
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