Cerner delivers Q1 results

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Cerner Corp. has released its revenue results for its first quarter, ending April 2.

New bookings revenue in Q1 2005 finished at $233.8 million which is 8 percent higher than the same period in 2004, which is a record level for the company, Cerner said.

Cerner revenues for the quarter went up 20 percent to $262.5 million, with last year's total for the same period at $218.7 million. The revenues included $17.3 million from the acquisition of VitalWorks Inc.'s medical division, Cerner said.

Concerning GAAP (Generally Accepted Accounting Principles), net earnings for Q1 2005 were at $12.5 million, with diluted earnings per share at $0.33.

Cerner produced $44.3 million in operating cash flow resulting from solid operational execution and improved days sales outstanding, Cerner said.