Healthcare IT firm Cerner turned in fourth-quarter revenues of $205.7 million, up 36% compared with the $151.8 million posted in the same period in 2001. For the quarter (end-December 28) the Kansas City-based firm had net earnings (before nonrecurring items) of $15.7 million compared with $11 million for the fourth quarter of 2001.
For fiscal 2002, Cerner had revenues of $751.9 million, a 39% increase compared with $542.4 million in 2001. Net earnings (before nonrecurring items) for the year were $51.8 million, compared with $34.2 million in 2001.
Looking ahead, the information systems vendor said it expects revenue in the first quarter to be between $205 million and $210 million, and to be between $880 million and $900 million for fiscal 2003.
By AuntMinnie.com staff writersJanuary 24, 2003
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