Cerner Corp. (CERN) reported Q3 FY21 revenue growth of 7 percent Y/Y to $1.47 billion, beating the analyst consensus of $1.45 billion.
Revenues from Licensed software rose 16.0 percent Y/Y to $199.2 million. Technology resale declined 20.2 percent Y/Y to $37.656.9 million. Subscriptions decreased 1.8 percent Y/Y to $91.8 million. Professional services expanded 15.0 percent Y/Y to $551.7 million. Managed services improved 3.6 percent Y/Y to $323.1 million. Support and maintenance declined 1.1 percent Y/Y to $257.0 million.
