Exhibit 99.1

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

Future Period Guidance
Cerner currently expects:
Second quarter 2021 revenue growth in the high-single digits over the second quarter of 2020
Full year 2021 revenue growth in the mid-single digits, which replaces the prior dollar range of $5.750 billion to $5.950 billion, but reflects similar growth
Second quarter 2021 Adjusted Diluted EPS growth of approximately 20% over the second quarter of 2020
Full year 2021 Adjusted Diluted EPS of more than $3.20, which reflects an increase compared to the prior range of $3.10 to $3.20
Total 2021 share repurchases of up to $1.5 billion

New Share Repurchase Program
Cerner also announced today that its Board has approved a new share repurchase program, which allows the company to repurchase up to $3.75 billion through Dec. 31, 2023. This new program is incremental to the current repurchase program under which approximately $465 million remains available for repurchases. Cerner plans to repurchase shares opportunistically, subject to market conditions and other factors, including price, and intends to fund the program with cash from operations and debt.


The following information was filed by Cerner Corp (CERN) on Wednesday, May 5, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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