Information systems vendor Cerner reported record revenues of $121 million in its first quarter, up 39% over the $87.1 million posted in 2000. For the period (end-March 31), the Kansas City-based firm had net earnings of $6.3 million, compared with net earnings of $2.4 million in the same period last year.
First-quarter diluted earnings were $0.17 per share, exceeding First Call consensus analyst estimates of $0.15 per share, according to Cerner. The vendor also raised its estimates of revenue and earnings per share for the remainder of 2001.
Cerner said it is comfortable with revenue estimates for 2001 ranging from $490 million to $500 million, up from $480 million to $490 million. The firm expects earnings per share to be between $0.83 and $0.88, compared with previous estimates of $0.80 to $0.85.
By AuntMinnie.com staff writersApril 19, 2001
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