Financial News: Cerner

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Cerner Corp. reported Q4 2006 of $543.2 million, up 41 percent over the year-ago quarter. Revenues for the period increased 17 percent to $380.8 million compared to $325.8 million a year ago. Full-year 2006 revenues increased 19 percent to $1.38 billion.

Fourth quarter 2006 bookings include a $154.2 million booking from Cerner’s contract with BT as part of the National Health Service (NHS) initiative to automate clinical processes and digitize medical records in London, England. Excluding the bookings related to the NHS initiative, bookings were $389 million, up 21 percent over Q4 2005 bookings of $320.8 million, the company said.

On a GAAP basis, Q4 2006 net earnings were $39.1 million, compared to Q4 2005 GAAP net earnings of $27.4 million. GAAP net earnings for the full year were $109.9 million.

Cerner’s adjusted fourth quarter 2006 net earnings were $34.0 million, which is 24 percent higher than the $27.4 million of net earnings in the fourth quarter of 2005.

Cerner also announced its intent to acquire Etreby Computer Company, a software provider of retail pharmacy management systems. The acquisition will expand Cerner’s pharmacy systems portfolio, adding innovative solutions and services to serve the independent, supermarket-associated and chain retail pharmacies.