Tuesday, November 26, 2024

MedCityNews: Earnings Call – Cerner will add 600 new hires, but VA deal is still pending

“On a February 6 earnings call, Cerner unveiled plans to hire an additional 600 workers at its Kansas City campus. The new hires will support the company’s ITWorks business.”

“In its fourth-quarter financial results, Cerner also reported lower-than-expected earnings… partially attributed…to the fact that the VA deal hasn’t gone through yet.”

“Recall that on our last call we indicated we expected the VA to sign in Q4… While we didn’t factor in a significant amount for Q4, this timing, along with lower upfront revenue than expected on some of the larger fourth quarter contracts, did impact our results.” Read the full article here.

Source: Cerner will add 600 new hires, but VA deal is still pending – By Erin Dietsche, February 7, 2018. MedCityNews.

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Jackie Gilbert
Jackie Gilbert
Jackie Gilbert is a Content Analyst for FedHealthIT and Author of 'Anything but COVID-19' on the Daily Take Newsletter for G2Xchange Health and FedCiv.

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