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Cerner reports record first-quarter orders for medical software

Updated: 2013-04-26T04:30:06Z

By STEVE ROSEN

The Kansas City Star

Cerner Corp. on Thursday reported record orders for business in the first quarter as demand for its lineup of medical software devices continued to expand.

The North Kansas City company said bookings were $801.6 million, up 23 percent from the first quarter last year.

Cerner has expanded rapidly in recent years, thanks partly to government health care changes that have generated more demand for its health care information software by hospitals and doctors.

Cerner also said first-quarter profit climbed to $110 million from $88.7 million in the same period in 2012. Revenue climbed 6 percent to $680 million, but Cerner said the growth fell short of expectations.

“We got off to a good start in 2013, with almost all key metrics above expected levels, including strong bookings, earnings and cash flow,” Neal Patterson, Cerner’s chairman and chief executive, said in a statement.

Cerner also said it expected to generate second-quarter revenue between $705 million and $735 million, with full-year revenue in the range of $2.95 billion and $3.05 billion. Business bookings in the current quarter are expected to climb to $825 million to $875 million.

The company reported its quarterly results after the stock market closed. Shares in Cerner closed Thursday at $91.66, down 48 cents.

To reach Steve Rosen, call 816-234-4879 or send email to srosen@kcstar.com.

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