Full year 2009 bookings were also reached a record $1.83 billion, up 19 percent compared to 2008 bookings of $1.54 billion. Full year 2009 revenue was $1.67 billion, and full year net earnings were $193.5 million, according to the release.
The record bookings may be attributed in continued increased interest by healthcare providers to digitalize their business practices.
The company expects its growth to continue into 2010, driven in part by provisions in the Health Information Technology for Economic and Clinical Health section of the American Recovery and Reinvestment Act of 2009.
“2009 represents the end of a decade of strong performance for Cerner, including growing our revenue and adjusted earnings per share at compound annual growth rates of 17 percent and 37 percent, respectively,” Neal Patterson, Cerner co-founder, chairman and CEO, said in the release. “We enter the new decade very well positioned to benefit from demand driven by the Health Information Technology for Economic and Clinical Health provisions in the American Recovery and Reinvestment Act of 2009. Beyond opportunities associated with HITECH, we are investing in several long-term growth initiatives that position us to build upon the stimulus-driven growth and deliver another decade of strong performance.”
Read the release on the Cerner 2009 earnings.
