Cerner Reports Fourth Quarter and Full-Year 2010 Results

Cerner Corporation CERN today announced results for the 2010 fourth quarter that ended Jan. 1, 2011, delivering strong levels of bookings, revenue, earnings and cash flow. Bookings in the fourth quarter of 2010 were $626.2 million, significantly above the guidance range of $490 million to $530 million and second only to the all-time high level of $680.4 million in the fourth quarter of 2009. Full year 2010 bookings were a record $1.99 billion, up 9% compared to 2009 bookings of $1.83 billion. Fourth quarter revenue was $500.2 million, up 7 percent compared to $466.3 million in the year-ago period. Full year 2010 revenue was $1.85 billion, up 11% compared to 2009 revenue of $1.67 billion. On a Generally Accepted Accounting Principles (GAAP) basis, fourth quarter 2010 net earnings were $70.6 million and diluted earnings per share were $0.82. Fourth quarter 2009 GAAP net earnings were $60.5 million and diluted earnings per share were $0.71. For the full year, 2010 GAAP net earnings were $237.3 million and diluted earnings per share were $2.78. Full year 2009 GAAP net earnings were $193.5 million and diluted earnings per share were $2.31.