Download the Full Report - Cerner Corporation
Download the Full Report - Cerner Corporation
Download the Full Report - Cerner Corporation
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A letter To Our<br />
Shareholders, clients,<br />
and associates<br />
1998 was a paradoxical year, with great highs and lows:<br />
• For <strong>the</strong> year ended January 2, 1999, revenues increased 35 percent to a record $330.9 million;<br />
• Net earnings (excluding acquisition related charges) increased 56 percent to $23.7 million;<br />
• Diluted earnings per share (excluding acquisition related charges) increased 56 percent to $0.70 per share;<br />
• Operating margins (excluding acquisition related charges) improved from 9 percent to 12 percent;<br />
• We completed our long development cycle for <strong>the</strong> HNA Millennium version of <strong>Cerner</strong>’s Health Network<br />
Architecture (HNA), which we believe is <strong>the</strong> industry standard for <strong>the</strong> next generation of information technology;<br />
• <strong>Cerner</strong> was recognized by Fortune magazine as one of <strong>the</strong> Top 100 Companies to Work for in America;<br />
• External surveys identified <strong>Cerner</strong> as <strong>the</strong> Best Telephone Support provider in <strong>the</strong> industry;<br />
• And, as we compose this letter in March 1999, <strong>Cerner</strong>’s shareholder value is near a five-year low.<br />
Left to right:<br />
Glenn P. Tobin, Executive Vice President & Chief Operating Officer<br />
Neal L. Patterson, Chairman of <strong>the</strong> Board, President & Chief Executive Officer<br />
Clifford W. Illig, Vice Chairman
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