Cerner (NASDAQ:CERN)
reports an EPS beat and revenue miss for Q1, which ended on March 31.
The company expects to feel the largest coronavirus-related impact in
Q2.
Bookings totaled $1.09B, at the low end of CERN’s
guidance as the coronavirus pandemic slowed contract volume in the last
weeks of the quarter.
Operating cash flow totaled $284M and FCF was $160M.
Total backlog was $13.47B.
CERN guides Q2 revenue of $1.34-1.39B (consensus:
$1.44B) with EPS of $0.60-0.64 (consensus: $0.74) and new business
bookings of $1-1.2B.
For FY20, the company sees $5.55-5.7B (consensus: $5.73B) and EPS of $2.78-2.90 (consensus: $3.09).
https://seekingalpha.com/news/3565672-cerner-reports-mixed-q1-expects-q2-virus-impact
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