Cerner Corporation is an international healthcare information technology company that specializes in providing electronic medical record, computerized physician order entry, and financial information management systems to hospitals and medical organizations. It is a leading supplier of healthcare IT solutions and devices, with its main competitors being Allscript Healthcare Solutions, CareFusion Corporation, and Quality Systems. Cerner's strategies include evolving its flagship Millennium electronic health record platform and developing mobile apps. The company has experienced strong revenue and profit growth in recent years and is forecasted to continue growing. It has a large global installed base and sees further opportunities in international markets.

1. CERNER CORPORATION : CERN
WAQAS KHOKHAR
SUGANDHA SHARMA

2. Company Overview
-- International healthcare information technology corporation with
specialization in providing complete systems to hospitals & other medical
organizations to manage and integrate all electronic medical records,
computerized physician order entry, and financial information.
-- Leading supplier of healthcare Information Technology solutions &
healthcare devices

3. Sector: Technology
Industry: Healthcare Information Technology
Top Competitors:
Allscript Healthcare Solutions Ltd (MDRX)
CareFusion Corporation (CFN)
Quality Systems Inc (QSII)

4. Cerner Corp: Strategies
--- Evolution of Cerner Millennium as Millennium +. It combines the secure Cerner
cloud and delivers the new experience which is fast, smart and easy
--- Power Chart + Touch – specifically created for ipad
Company Trends:
-- It has increased 46% in the past 12 months & has tripled in the last 5 years
-- Nine straight quarters of revenue growth & eight straight quarters of profit
increase
-- Revenue jumped 10% and profits increased by 20% from the fiscal of 2009-2010
and revenue soared 19% and profits 26% from 2010 -2011
-- For 2012, forecasts are for another 22% in profit growth

5. CERN : Financials
ROE ROA D/E
Cern 14.55% 10.60% 0.0548
MDRX 5.15% 4.37% 0.2493
QSII 32.01% 19.07% 0.0
CFN 6.81% 4.54% 0.2687
Industry 6.7% 3.30% --

6. CERN MDRX QSII CFN Industry
Market Cap: 12.92B 3.15B 2.58B 5.82B 39.28M
Beta 0.66 1.09 0.35 0.87 1.02
Qtrly Rev
Growth (yoy):
23.10% 25.50% 22.74% 3.30% 8.80%
Revenue (ttm): 2.20B 1.44B 417.95M 3.52B 54.89M
Gross Margin
(ttm):
79.95% 46.09% 65.92% 51.00% 53.09%
EBITDA (ttm): 593.26M 253.80M 130.33M 793.00M 3.33M
Operating
Margin (ttm):
20.87% 11.95% 29.04% 16.39% 4.69%
Net Income
(ttm):
306.63M 73.61M 79.14M 344.00M N/A
EPS (ttm): 1.76 0.39 1.36 1.29 0.00
P/E (ttm): 43.27 42.56 32.23 20.12 20.37
Dividend -- --- 0.71 -- N/A
Forward P/E 28.00 13.07 25.28 12.90 ---

7. Cerner: Buy
--- Global Movement towards digitizing Healthcare
--- Healthcare Spending Averages 6.7% growth in U.S and is
increasing abroad
--- Population trend
--- International Opportunity ( Credit Suisse – 30 Billion $ of
opportunity exist globally for healthcare information
technology services)
--- Ever growing health care domestically and internationally

8. Company’s Current Position
- Cerner Solutions has licensed 10,000 facilities around
the world, 2650 hospitals, 3750 physicians practices,
40000 physicians, 500 ambulatory facilities, such as
laboratories, radiology clinics & surgery centers, 800
home health facilities, 40 employer sites and 1600
retail pharmacies