Cerner earnings up on new business

Health IT vendor Cerner reported excellent third-quarter results yesterday, posting profits up nearly 80 percent to $26.4 million, thanks largely to new bookings. The company reported 233 implementations of its Millennium Information System in the quarter. Cerner now has 4,500 systems installed at healthcare facilities around the world. Highlights of the quarter for the company included a $149.3 million deal with Fujitsu to work on the massive NHS project in the UK.

The Department of Defense also awarded the company a 10-year contract to implement laboratory information systems at hospitals in the military health system. Cerner appears on course to be establishing itself as the de facto market leader in hospital IT, justifying the huge investment in the Millennium architecture it made in the last century (and the early part of this one).

- see this article from the Kansas City Business Journal

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