Cerner Q2 revenues climb 32%, earnings fall 11%

For the second quarter 2015, Cerner posted a mixed bag of financials, both gains and losses.

The Kansas City, Mo.-based EHR vendor posted revenue of $1.13 billion for the three months ended July 4, a 32 percent increase from the $851.76 million for the same time period last year.

While still a positive gain, revenue was lower than expected. The company expected second quarter revenues to land between $1.175 billion and $1.225 billion.

Cerner's second quarter net earnings equaled $115 million, an 11 percent slide from the previous year's $129 million.

However, bookings reached an all-time high at $1.29 billion. During the same time period last year, Cerner's bookings were $1.08 billion.

"Cerner's second quarter results were solid, with lower than expected revenue largely overshadowed by solid earnings and record bookings," said Neal Patterson, Cerner chairman, CEO and cofounder. "Our bookings included a record number of new clients joining Cerner, reflecting our strong position in the marketplace. The quarter also included good progress with our Health Services acquisition and ongoing success at migrating acquired clients to Cerner Millennium solutions."

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