XXXX. billion quarter the I'll everyone. start behind were a revenue which is and Full second-highest the prior over billion guidance. included the morning, the bookings in were contracts, bookings, to quarter. XX% $X.XXX year history, our This $X.XXX billion billion, is going uniquely the $XX.X QX. quarter of with in from I'm This QX midpoint large range. of which We backlog of Brent. in up billion $X.XX several grown 'XX, our which guidance which and is Thanks, results our in ended in Good X% with $XX.XX have bookings cover up QX. is above $X.XXX billion, over fourth
doesn't contract our termination potentially long-term total In clauses. experience, option, exercise It opportunity. backlog. the by revenue calculation our of calculation clients indicated, impacted just so revenue backlog excludes new we've standard rarely As under the our reduces change this revenue this
amount You'll included see our contracts in revenue XX-K adding backlog in expect we've the by not of the we disclosure that are from our calculation. filing supplemented that backlog
QX QX year-over-year year Total over billion, full business $X.XXX and growth $X.XX compared the was X% when guidance licensed in QX QX shortfall XX% with quarter to our SaaS was billion, 'XX. our 'XX XXXX, lower-than-expected of for to than revenue I Licensed not million software million included $XXX go revenue Full was growth detail The of billion the you backlog, total recognize, guidance. as and or Revenue XXXX. For approximately reflecting contracts solid in offsetting traditional million, XXXX, which technology higher mentioned, year primarily software. billion. XX% now the revenue we below levels revenue backlog declines QX due the of up compared $X.XXX year was the down XXXX. of additional over 'XX, and basically was expect to against QX model 'XX. in range to resale, from growth XX% $X.XX to down in I'll is an just of the in million X% of the of through combine $XXX expected $XXX midpoint of was $X X% in of our with software flat,
'XX. revenue software remaining $XX should we eventually continue We're do become million, in volatility $XXX also down smaller revenue which of growing forecast. software resale SaaS the year models, XX% of reduces technology our of was technology million year-over-year. and Full in resale expect revenue largely discussed, The XXXX. our Technology to but weakness in $XX was over transactions beginning below more the market the see portion and resale was replacement QX which in opportunity, impact nature well transition third-party subscription QX suppliers to we $XXX SaaS majority from the relative revenue, our time. to decreased QX, pushing. million of software to to As did down XX% to reduce in Subscription EHR was forecast our due traditional sublicense and million QX
low the Professional throughout $XXX impact standard. expected million million XXXX. a revenues XX% transition increase previously we maintenance $X.XX expect strong $XX to from driven subscription driven billion. QX, QX, year million, growth, XXXX. year-over-year. in to standard, the we by of growth the year grew largely solid support. behind $XXX down our portion subscriptions billion, full in full the reimbursed million, of quarter. grew, QX revenue and backlog and XXXX. was was services throughout year discussed revenue businesses. year, in $XXX And revenue as in finally, single-digit XX% year of to of over Full subscription X% revenue revenue ago was services by of increased With adoption X% new year. to travel to bookings up subscription was a to Managed subscription services X% the and Support plus return were reflecting from Full year million As growth model Works down in the $X.XXX billion, million, down revenue an impacted $XXX managed the $X XX% year travel reducing our us, business million classifying standard reimbursed grew year in was revenue $XX Full the new $XXX both have new discussed by to QX, services million, revenue the our Full XX%, in to professional $X.XXX
-- year And revenue the year up geographic segment. from million ago billion. by $X.XXX the from revenue quarter revenue quarter. with $X the year $XXX X% non-U.S. was at Looking of at million was Domestic up ago
X%, grew For grew year, the domestic full XX%. and revenue revenue non-U.S.
margin. gross Moving to
'XX driven gross is in XX.X% Full margin in year Our from down higher service third-party by XX.X% from QX and QX of of XX.X%, XXXX, margin for costs. down flat was XX.X% slightly gross year-over-year.
margin, earnings. and spending, net discuss Now operating
provide exclude the we all expense, adjusted share-based release. detailed GAAP of acquisition-related and to both compensation asset, For results noncurrent or on reconciled items, adjustments, compensation a these and reform adjusted tax tax results. permanent as and our earnings adjustments other items, and allowance The share-based U.S. in GAAP impact non-GAAP
Looking spending. at operating
were that Note other an in Fujitsu QX, that assets of Our recognized $XX Limited XX%, operating billion, million up was fourth $X.XXX the million a compared billion $XXX in from million is year-ago in GAAP expenses we in up on to XX% a period. balance provide of operating year expenses to quarter charge XXXX. GAAP Services $X.XXX sheet. against our $XXX receivable noncurrent Full pretax with allowance
as terminated Health in digitize As contract our records second England some quarter recall, was National the subcontract to Fujitsu's processes the clinical of Service will the XXXX This in of southern automate by prime the initiative led region terminated. contractor NHS. to being in you medical and the of
dispute subcontract. alternative termination, chances our based of Note strong another result that procedures fourth and our Fujitsu deliver to the a regarding due subcontract but the continue quarter for resolution outcome of with we on region U.K. dispute remains contract, went determined a the region, been today. of such a amounts the terminated, on and the well as favorable be resolution Cerner reduced to the as We successfully in was as with that our us in for the have provided in southern market active London prime
Turning X% to they 'XX, expenses, the and adjusted of X% up year. QX compared to operating full were for
over QX. line at primarily for and service X% expense an 'XX, QX of by items driven Looking client our services Sales in personnel related to business. the expense increase increased
million expense amortization, up $X in capitalized gross and expense X%, a increase G&A year-over-year. software. of XX% driven increase was 'XX, and increased Software over of in XX% amortization X% development intangibles QX flat by acquisition-related decreased and R&D,
to Moving margins. operating
QX in largely Our in compared the margin million due year-ago GAAP XX% XX.X% I operating the period, discussed. $XX allowance to was in to
adjusted our of with consistent for XX.X% quarter QX the guidance the was down in from operating for margin 'XX, Our XX.X%, quarter.
full XXXX the XX.X% to compared XX.X% GAAP Our for year margin in was XXXX. operating
year. Our full which margin from was last XX.X% XX.X%, operating adjusted year down is
and As by businesses was software our expenses, Works we increased licensed of have revenue. higher in mix lower-than-anticipated growth an of investments noncash XXXX discussed, impacted revenue, Works
vary to guidance at our many in This but of continue that revenue operating and stabilize We factors approximately believe could on we based do reflects our nature, are XX%. margins temporary mix, past the our and model believe years. the us are not XXXX these that our expect operating Longer for margin adjustments additional growth will term, position in we on making to few profitable compression like margin we've focus expansion. experienced expectation we
I'd an we like to preview occur to in incur, expect expense Now QX. --
excluded or of to more voluntary outcome to a recent we've As the and throughout plan VSP scale. announcement U.S. VSP. level who been efficiently to XXXX, available purposes. opportunities was of One continuity age roles working associates business identify discussed innovative combined operate that with and critical Generally, analysis for a meet tenure minimum a separation certain of we is
our VSP the benefits. position, and in we participate medical vacation acceptance At later the to will this because program. associates anticipate their firm than estimate receive we like with separate less point, part this month. will financial and period the for But this with have of would tenure charge who Associates do a total of not benefits X% payout commensurate ends along as
positions able in career be be associates. portion will associates, for we to efficiencies with creating growth positions of the opportunities the fill we backfilled, many while also of our these a While create will should future, believe which existing
Moving to net earnings and EPS.
GAAP earnings million to compared net $XXX per share in Our QX were $X.XX or QX $X 'XX. diluted
$X.XX earnings were per diluted were million of diluted million, and net QX $XXX For compared $XXX was $X.XX the full earnings adjusted in share. year, in or GAAP net 'XX. $X.XX EPS to Adjusted QX
adjusted and For XXXX. was the adjusted net X% diluted $X.XX, EPS full year, up were from $XXX million, earnings
for and XX% quarter was the rate the tax GAAP XX% year. for Our
rate the tax non-GAAP XX% quarter was for and year. Our
GAAP to XX%. be we tax to non-GAAP closer XXXX, For rates expect our and
our short-term flow repurchases. move cash down in $XXX which ended offset with is in by to QX being million our We of QX million $XXX with from Now sheet. million balance $XXX free of cash share investments, 'XX, and
under million $XX.XX. We we price an authorization of currently have $XXX $XXX our year, XX.X repurchased of million the for at For million program. of repurchase shares average remaining
to Moving debt.
Our quarter down the receivables quarter Total 'XX. last QX up debt to million. was million $XXX ended at from billion, from in $X.XXX billion $X.XXX of total $X
Free for less flow QX and million year-ago the DSO cash million. quarter were flow, Our flow and is Operating XX capitalized cash XX defined cash $XXX from days capitalized the which in days, QX from capital as was the and in of million, $XXX million was $XX for period. software development software was purchases 'XX, operating QX days was expenditures capital XX quarter. up $XXX cost, down
was was than free were $X.XXX For flow software is million, capital and million higher flow $XXX expenditures $XXX which Full $XX operating million. cash the was million, full year, capitalized year cash billion, $XXX XXXX.
limited be For most offset tax, payouts. because that and in cash impacted more have a expect we refund of cash our outflow XXXX, cash our This flow flow we to operating VSP in by from benefited XXXX our will cash payments. year, growth we tax expect for tax our
On to including growth the Campus. these Due cash on to we in XXXX, side, free expected combination flow. cash but facilities our more to the it two decline solid. peak cash in capital free we flow a in normal In year spend still to flow expenditures expect capital in than of phase lead expenditures our $XX expect a strong be we of XXXX, meaningful to XXXX, a return and requirements, primarily a at factors, Innovation capital increase decline million support we operating expect to to
Now I'd discuss capital to allocation. like our
earnings. a payment share annualized of X% not yield based subject our ratio payout net fuel since meaningful a Cerner's good, growth to XX% growth. XXXX that are of and we that in inception. strategy Investing board, release, initiate by our the press on represents with our in in noted change, dividend, to of deliver price stock to over are this to and As quarter. we This first core $X.XX we a per exist, declaration plan growth On investments at making third been right current opportunities the basis, expected cash quarterly the innovation sometime just has long-term confident will adjusted
can at also invest value enhancing We in we a this dividend and point are repurchases. now share with believe shareholder whilst a where continued we growth
strategy. have broader we looking with objectives capital several our accomplish are allocation We to
investor to we a income attractiveness Cerner while of wider existing to provide base. the First, to shareholders, want increasing current also
offset continue as equity do dilution and Second, from expect for share appropriate. to deemed cash flow repurchases repurchases compensation additional using to free we
relationships to that make in acquisitions want flexibility organic investments complement we or to growth our growth, Third, other have including Lumeris like strategic investments.
flexibility while sheet and Given flow, position do strong cash these are our for a free things strong still we balance in opportunities. flow, comfortable believe with maintaining very debt larger, expected to strategic cash use all to we
to to put our of plan generation, also a on adding is flow as approach believe allocation to which dividend we incorporate capital broader and a cash compensation also that plans changes our variable focus will part something We thought In discipline to from increase a allocation the best many shareholders. believe listened lot alignment and we and interest capital this you, summary, feedback of will is shareholders. with in put have approach approach our our of we free we of believe
go through I'll Now guidance. the
QX this We billion 'XX. expect midpoint growth The revenue of over QX $X.XXX of range billion. X% to in $X.XXX be between and of reflects
For the expect with between full we midpoint, year, billion X% reflecting $X.XX XXXX. $X.XX billion a over billion, $X.XX growth revenue and
per be EPS QX share. range We this than 'XX. The expect higher $X.XX adjusted of to X% of $X.XX to diluted is QX midpoint
diluted below For of the with to is expect this midpoint, consensus. adjusted full over X% range midpoint a to $X.XX, EPS we growth The $X.XX XXXX. year, be reflecting $X.XX $X.XX
of slight consensus rate We to XX%, closer half margins. if XXXX rate our of difference rest in rate a being around had expect the with we likely expect about tax that to and is XX%, -- a tax
Moving guidance. to bookings
level revenue We in a XX% much billion. range of lower The expect QX reflects to decrease compared of first midpoint had to and you this bookings, XXXX billion factors quarter this the are guidance two the as deals normalize The the expected exclude several in midpoint progresses. the as long-term long-term the large, There combination driver growth of is we would year expect reflect year-over-year if of QX throughout a that of expect Note to the our the year, of level and of mix decline these large XXXX. portion. higher-than-normal range in of we $X.X of the long-term this much a first year. bookings $X.X quarter bookings, in bookings forecasted
Annual February HIMSS to wrap remind Community Investment next I'd you XX. Meeting like I at about our up, Before Wednesday,
have in link of archived. over do the to are be to not John. and location, through the at to the same registered, plan so turn And there attend at section webcast a call available at you attend the person, will I'll cerner.com. If also and the Investors with please If that, unable live both top
