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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
