Net income and revenue for Cerner Corp. beat investment analyst expectations for financial performance during the first quarter of 2010, which ended April 3.
The Kansas City, Mo.-based vendor had net earnings of $50.3 million, up 23 percent from the same period a year ago. Earnings per share of 63 cents, excluding one-time items, beat expectations by two pennies. First quarter revenue increased 10 percent to $431.3 million, about $1.1 million higher than expectations.
Cerner is seeing initial demand related to HITECH Act provisions and expects demand to build throughout the year, says Neal Patterson, chair and CEO. More information is available at cerner.com.
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