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News Release Cerner Cerner Reports First Quarter 2021 Results , Updates Guidance , Expands Capital Return Program and Commences CEO Succession Increased 2021 Earnings Outlook on Strong Margin Expansion Board Authorizes New $ 3.75 Billion Share Repurchase Program Brent Shafer and Board Agree to Begin Search for Company's Next CEO Shafer Expected to Continue to Serve Until Successor Appointed KANSAS CITY , Mo. - May 5 , 2021 - Cerner Corporation ( NASDAQ : CERN ) , a global healthcare technology company , today announced results for the 2021 first quarter that ended March 31 , 2021 . " Cerner's first quarter results reflect a solid start to the year , " said Brent Shafer , chairman and CEO . " We are sharpening our focus and moving forward with a renewed sense of urgency in delivering value to our clients and shareholders . These efforts are reflected in Cerner's improved earnings outlook for the year . " " The new repurchase program reflects the Board of Directors ' and our entire leadership team's belief in Cerner's long - term potential and emphasizes our ongoing commitment to returning capital to shareholders , " said Mark Erceg , executive vice president and chief financial officer . " With our strong balance sheet and anticipated future cash flow , we are well - positioned to continue making investments in growth while also executing a balanced capital allocation strategy . " 2021 First Quarter Highlights Revenue of $ 1.388 billion , down 2 % compared to $ 1.412 billion in the first quarter of 2020 , primarily due to the impact of divestitures and the pandemic ; excluding divestitures , revenue growth over the first quarter of 2020 would have been approximately 2 % , still reflecting the impact of the pandemic GAAP operating margin of 15.7 % , up 310 basis points from 12.6 % in the year - ago quarter Adjusted Operating Margin ( non - GAAP ) of 21.4 % , up 200 basis points from 19.4 % in year ago quarter GAAP diluted EPS of $ 0.56 , up 19 % compared to $ 0.47 in year - ago quarter Adjusted Diluted EPS ( non - GAAP ) of $ 0.76 up 7 % compared to $ 0.71 in year - ago quarter GAAP cash flow from operating activities of $ 450 million , up 59 % compared to $ 284 million in year - ago quarter Free Cash Flow ( non - GAAP ) of $ 291 million , up 81 % compared to $ 160 million in the year - ago quarter © 2021 Cerner Corporation . All rights reserved . This document contains Cerner confidential and / or proprietary information which may not be reproduced or transmitted without the express written consent of Cerner .