Cerner posted $1.46 billion in revenue for the third quarter of 2021 and $175.8 million in net earnings, the Kansas City, Mo.-based EHR vendor reported Oct. 29.
Five things to know about Cerner's financial results for the third quarter of 2021, which ended Sept. 30.
1. Cerner's revenue for the third quarter was up 7 percent from $1.37 billion during the third quarter of 2020.
2. The EHR company reported $175.8 million in net earnings, down 50.7 percent from $356.7 million during the same time period last year.
3. Cerner's professional services division led the company's revenue drivers for the third quarter at $551.7 million.
4. Following professional services, Cerner posted the most revenue through its managed services at $323.1 million; support and maintenance at $257 million; licensed software at $199.1 million; and subscriptions at $91.8 million.
5. Cerner said it expects its fourth quarter revenue to grow upper-mid-single digits compared to its 2020 fourth quarter revenue, bringing the company's full-year revenue growth to about 5 percent.