Cerner revenue falls 4% to $1.37B in Q3: 5 details

Jackie Drees –
Wednesday, October 28th, 2020
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The Kansas City-based EHR supplier stated the profits decline compared to the third quarter of 2019 was primarily the outcome of the COVID-19 pandemic along with Cerners exit from its earnings cycle outsourcing agreement with Adventist in the fourth quarter of 2019.

Cerner posted $1.37 billion in revenue for the third quarter of 2020, down 3 percent from $1.43 billion during the exact same time last year.

5 information about Cerners financial efficiency for the third quarter of 2020, which ended Sept. 30:.

1. Cerner reported $356.7 million in net profits for the 3rd quarter, up from $81.9 million throughout the third quarter of 2019.

2. Professional services was the most significant profits motorist for the quarter at $479.9 million, followed by managed services at $311.8 million, support and upkeep at $259.9 million..

3. Cerner posted $1.47 billion in reservations for the 3rd quarter, which came within the companys anticipated variety.

4. Cerner anticipates fourth quarter revenue to be in between $1.37 billion and $1.42 billion.

5. For brand-new business reservations in the fourth quarter, Cerner anticipates a variety between $1.55 billion and $1.75 billion.

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