Cerner maintains momentum in 4Q FY04
Cerner Corp. this week announced results for the fourth quarter FY04 ending January 1.
Fourth quarter revenues increased 9 percent to $248.2 million, compared with $227.4 million in fourth quarter of FY03. Net earnings in the fourth quarter were $21.4 million, up 32 percent over the fourth quarter of 2003.
Full-year 2004 revenues increased 10 percent to $926.4 million, compared with $839.6 million in 2003. Net earnings for 2004 were $64.6 million, up 51 percent compared with 2003.
According to Cerner, 354 Cerner Millennium systems were implemented during the quarter. The company said it now has installed more than 3,700 Cerner Millennium at nearly 750 client facilities worldwide. The number of Cerner client locations using computerized physician order entry (CPOE) increased from approximately 200 at the end of 2003 to nearly 380 at the end of 2004, Cerner reported.