Cerner sees income gains for Q3
Cerner has reported positive results for the 2008 third quarter, which ended Sept. 27.
The company posted bookings in the third quarter of 2008 of $383.6 million, compared to third quarter 2007 bookings of $356.7 million. Its revenue increased 13.4 percent over the year-ago period to $422.7 million.
Based on generally accepted accounting principles (GAAP), third quarter 2008 net earnings were $45 million, compared to third quarter 2007 GAAP net earnings of $31.2 million, according to the Kansas City, Mo.-based Cerner.
“We are particularly pleased with our strong results this quarter given that it closed during a time of great economic uncertainty. While healthcare is not immune to being impacted by the financial crisis, we believe it will prove to be more resilient than most industries, and we remain cautiously optimistic about our ability to continue delivering good results going forward,” said Neal Patterson, Cerner co-founder, chairman and CEO.
The company posted bookings in the third quarter of 2008 of $383.6 million, compared to third quarter 2007 bookings of $356.7 million. Its revenue increased 13.4 percent over the year-ago period to $422.7 million.
Based on generally accepted accounting principles (GAAP), third quarter 2008 net earnings were $45 million, compared to third quarter 2007 GAAP net earnings of $31.2 million, according to the Kansas City, Mo.-based Cerner.
“We are particularly pleased with our strong results this quarter given that it closed during a time of great economic uncertainty. While healthcare is not immune to being impacted by the financial crisis, we believe it will prove to be more resilient than most industries, and we remain cautiously optimistic about our ability to continue delivering good results going forward,” said Neal Patterson, Cerner co-founder, chairman and CEO.