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Cerner misses earnings and revenue expectations despite an increase in bookings | FierceHealthcare
Despite boosts from a VA contract and near-record bookings in the fourth quarter, Cerner’s earnings took a dip last year and fourth-quarter revenue came in slightly below expectations.
CEO Brent Shafer, who took the helm only a year ago, said during an earnings call on Tuesday that the company had plans in place to increase profitability and predictability.
The company reported fourth-quarter 2018 revenue of $1.36 billion. That was up 4% compared to fourth-quarter 2017’s revenue of $1.31 billion but fell short of the low range of its own guidance of $1.37 billion. Annual revenue also increased by 4% to $5.36 billion in 2018.
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HIMSS19: A short guide to regional workshops | Healthcare IT News
In a few days, healthcare IT stakeholders from more than 80 countries will meet in Orlando for the HIMSS19 global conference, where they will follow a packed agenda covering developments from a …
Posted Feb 6, 2019himss 19