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.

1. 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.

2. 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.

3. 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.

4. 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.

More articles on health IT:
GE to hire 20k women for STEM jobs by 2020
AT&T, IBM & Symantec form IoT Cybersecurity Alliance
Navy Medicine launches patient engagement app

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months