Cerner joins billion-dollar club

Cerner said late yesterday its revenue has reached the $1 billion mark. The maker of hospital electronic medical records and CPOE systems for hospitals and physician practices said revenues for new bookings were up $386.3 million in the last quarter, an increase of 58 percent. The company adjusted its earnings forecast for next quarter, saying it expects to make 26 cents to 27 cents per share, lower than the 29 cents per share analysts had wanted. Wall Street is not happy about the news. Cerner shares were down 10 percent in morning trading.

- see this article from The Kansas City Star