Cerner Corp. said Tuesday that it signed contracts for $1 billion worth of new business in the final months of last year, hitting the milestone for the first time.
The North Kansas City-based health care software company beat out its primary competitor for a couple of high-dollar contracts, which Cerner executives say helped the company gain a larger share of the market.
The company’s profit hit $111.8 million, or 63 cents a share, in October, November and December, up 22.6 percent from a year earlier. Revenue in the fourth quarter was a record $710.4 million, up 15 percent, as the company helped hospitals, doctors’ offices and other health care providers move into the digital age.
A year earlier, Cerner’s fourth-quarter profit was $91.2 million, or 52 cents a share, on $615.6 million in revenue. Its bookings in the fourth quarter last year were $899 million.