Cerner Management Discusses Q1 2012 Results - Earnings Call Transcript

Cerner (CERN)

Q1 2012 Earnings Call

April 26, 2012 4:30 pm ET

Executives

Marc G. Naughton - Chief Financial Officer, Executive Vice President and Treasurer

Zane M. Burke - Executive Vice President of Client Organization

Michael R. Nill - Chief Operating Officer and Executive Vice President

Jeffrey A. Townsend - Chief of Staff and Executive Vice President

Analysts

David Larsen - Leerink Swann LLC, Research Division

Sebastian Paquette - Goldman Sachs Group Inc., Research Division

George Hill - Citigroup Inc, Research Division

Kipp R.F. Davis - Barclays Capital, Research Division

Steve Halper

Gregory T. Bolan - Sterne Agee & Leach Inc., Research Division

Donald Hooker - Morgan Stanley, Research Division

Atif A Rahim - JP Morgan Chase & Co, Research Division

Sean W. Wieland - Piper Jaffray Companies, Research Division

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to Cerner Corporation's First Quarter 2012 Conference Call. Today's date is April 26, 2012, and this call is being recorded. The company has asked me to remind you that various remarks made here today by Cerner's management about future expectations, plans, prospectives and prospects constitute forward-looking statements for the purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements may be found under the heading risk factors under Item 1A in Cerner's Form 10-K, together with other reports that are on file with the SEC. A reconciliation of non-GAAP financial measures discussed in this earnings call can be found in the company's earnings release that was furnished to the SEC today and posted on the investors section of cerner.com. At this time, I'd like to turn the call over to Mr. Marc Naughton, Chief Financial Officer of Cerner Corporation. Please proceed, sir.

Marc G. Naughton

Thank you, Anne. Good afternoon, everyone, and welcome to the call. I'll lead off today with a review of the numbers. Zane Burke, Executive Vice President of our Client Organization will follow me with sales highlights and marketplace trends. Mike Neal, Executive Vice President and Chief Operating Officer will discuss operations. Mike will be followed by Jeff Townsend, Executive Vice President and Chief of Staff, who will discuss strategic initiatives. Neal Patterson, our Chairman, CEO and President will be available during Q&A.

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