Cerner will be a ‘growth story’ for Oracle after this fiscal year

Healthcare DIVE December 11, 2023
Emily Olsen

Half of Millennium EHR customers will be on Oracle’s cloud infrastructure by February, leaders said on an earnings call. The transition had created some headwinds for the segment’s growth.

Dive Brief:

• Health IT business Cerner won’t drag on tech giant Oracle’s growth after this fiscal year, management said on an earnings call Monday.
• Cerner has faced “near-term headwinds” to its growth rate as Oracle moves customers from licensed purchases to cloud subscriptions, which means less revenue upfront and more cash rolling in over time.
• Half of Cerner’s Millennium electronic health record customers will be on Oracle’s cloud infrastructure by February, said Oracle chairman and chief technology officer Larry Ellison on a call for its second quarter earnings of fiscal...

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