Bookings in the third quarter of 2011 were $650.3 million, an increase of 31 percent compared to third quarter 2010 bookings of $495.7 million. Bookings were an all-time high for a third quarter and the second highest result in company history.

Third quarter revenue was $571.6 million, an increase of 24 percent compared to $462.7 million in the year-ago period.

On a Generally Accepted Accounting Principles (GAAP) basis, third quarter 2011 net earnings were $78.8 million and diluted earnings per share were $0.45. Third quarter 2010 GAAP net earnings were $60.9 million and diluted earnings per share were $0.36.

The number of shares and the per share amounts for all periods presented within reflect the two-for-one stock split effective June 24, 2011.

Adjusted third quarter 2011 net earnings were $83.5 million, an increase of 28 percent compared to $65.0 million of adjusted net earnings in the third quarter of 2010. Adjusted diluted earnings per share were $0.48 in the third quarter of 2011 compared to $0.38 of adjusted diluted earnings per share in the year-ago quarter. Analysts’ consensus estimate for third quarter 2011 adjusted diluted earnings per share was $0.47.

"We delivered strong results in Q3, including outstanding bookings, revenue, earnings, and cash flow performance," said Neal Patterson, Cerner chairman, CEO, president and co-founder. "We continue to see a high level of interest in our broad suite of solutions and services, which is reflected in the record attendance at our recent Cerner Health Conference, as health care providers recognize the need to leverage information technology in order to meet upcoming regulatory requirements. Additionally, providers are looking to cloud-based platforms, such as Cerner Healthe IntentTM, that leverage EHR data to improve quality while controlling the cost of care. We believe Cerner remains well positioned to continue benefitting from demand driven by stimulus and the changing landscape of health care as we strengthen our alignment with our clients around the world," Patterson said.

About Cerner
Cerner is contributing to the systemic change of health and care delivery. For more than 30 years Cerner has been executing its vision to make health care safer and more efficient. We started with the foundation of digitizing paper processes and now offer the most comprehensive array of information software, professional services, medical device integration, remote hosting and employer health and wellness services. Cerner systems are used by everyone from individual consumers, to single-doctor practices, hospitals, employers and entire countries. Taking what we've learned over more than three decades, Cerner is building on the knowledge that is in the system to support evidence-based clinical decisions, prevent medical errors and empower patients in their care.

Cerner® solutions are licensed by approximately 9,000 facilities around the world, including more than 2,600 hospitals; 3,500 physician practices covering more than 30,000 physicians; 500 ambulatory facilities, such as laboratories, ambulatory centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; 40 employer sites and 1,600 retail pharmacies. Certain trademarks, service marks and logos (collectively, the “Marks”) set forth herein are owned by Cerner Corporation and/or its subsidiaries in the United States and certain other countries throughout the world. All other non-Cerner Marks are the property of their respective owners. Nasdaq: CERN.