January 31, 2008 / 11:26 PM / 12 years ago

UPDATE 1-Cerner posts higher quarterly profit, gives Q1 view

(Adds Q1 outlook, details)

Jan 31 (Reuters) - Healthcare information technology company Cerner Corp (CERN.O) posted a higher quarterly profit helped by increased bookings and strong margin expansion, and forecast first-quarter earnings above analysts’ estimates.

The company posted a profit of $41.3 million, or 49 cents a share for the fourth quarter, compared with $39.1 million, or 48 cents a share a year ago.

On an adjusted basis, it earned 52 cents a share compared with 41 cents a share a year ago.

Revenue for the quarter increased 4 percent to $394.5 million but fell short of analysts’ expectations. Bookings were up 5 percent at $406.6 million.

Analysts expected earnings of 47 cents a share, excluding items, on revenue of $411.8 million for the quarter, according to Reuters Estimates.

The company said for the first quarter it expects adjusted earnings of 43 cents to 44 cents a share, on revenue of about $390 million to $400 million.

Analysts expect first-quarter earnings of 41 cents a share, on revenue of $404.91 million.

The company said it expects new bookings in the first quarter to be between $330 million and $350 million. (Reporting by Suzannah Benjamin in Bangalore; Editing by Anupama Dwivedi)

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