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Kansas City, Mo.-based health-care information services giant Cerner on Tuesday announced results for the second quarter that ended July 2.
Bookings in the quarter were $1.4 billion, an increase of 9 percent compared to $1.29 billion in the second quarter of 2015.
Second quarter revenue was $1.216 billion, an increase of 8 percent compared to $1.126 billion in the second quarter of 2015.
“Cerner’s strong second-quarter results reflect good execution and competitiveness in the U.S. and abroad,” said Zane Burke, Cerner president. “We continued to gain share in what remains an active Electronic Health Record replacement market, while also having strong sales of revenue-cycle and population-health solutions that help our clients navigate the rapidly evolving reimbursement landscape.”
On a U.S. Generally Accepted Accounting Principles basis, second-quarter net earnings were $166.5 million and diluted earnings per share were 48 cents. Second quarter 2015 GAAP net earnings were $115 million and diluted earnings per share were $33 cents.
Adjusted Net Earnings for second quarter were $199.2 million, compared to $183 million of Adjusted Net Earnings in the year-ago quarter. Adjusted Diluted Earnings Per Share were 58 cents in the second quarter, an increase of 12 percent compared to 52 cents in the year-ago quarter. Analysts’ consensus estimate for second quarter 2016 Adjusted Diluted Earnings Per Share was 57 cents.
Cerner currently expects:
An audio webcast of Cerner’s 2Q earnings conference call will be available archived at www.cerner.com under the “About Cerner” section, Click Investor Relations, then Presentations and Webcasts.
About Cerner
Cerner’s health information technologies connect people, information and systems at more than 20,000 facilities worldwide. Recognized for innovation, Cerner solutions assist clinicians in making care decisions and enable organizations to manage the health of populations. The company also offers an integrated clinical and financial system to help health care organizations manage revenue, as well as a wide range of services to support clients’ clinical, financial and operational needs. Cerner’s mission is to contribute to the systemic improvement of health care delivery and the health of communities.
