Today I everyone. cover my first a and early guidance will share first from at months observations quarter Brent provide some Cerner. I’d good our Thanks morning two to update, like and results but first
cause, merging outcomes technology and professionals we people are the associates who are dedicated, serve First, incredible. love. the to is committed passionate with which are for fully those healthcare to Cerner improve
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since So let already of the of Brent thanks information key move the me had the have results. understanding intention $XX.X contained a be of note opportunity quarter. and our for the giving ended Please repeating focus Overall to points will quarter I Bookings release. revenue summarize sincere billion. commentary board billion, me were a simply a with we ago on that XX% team, first to that of my within to year solid we and emphasis my quarter part on versus the with to backlog no $X.XX press and up
billion X% resale ago, to $X.XX of travel. and was divestitures. and lower was compared quarter included down technology than software, reimbursed primarily admittedly is in year the first this anticipated the due impact last a X% down year Revenue to of that While from
benefited approximately year. areas margins and additional basis in as XX.X% divestitures, our reflecting efforts However, Gross from $XX travel cost mix quarter points year optimization due expense party revenue from and basis revenue continued facilities XX.X% outsourcing, to dollars benefit year we improved had and up levels to first ago a grew was to points also margin COVID operating million X% this year-over-year. last after and margin XXX of reimbursed XXX for divestitures, XX.X%, adjusting our from third travel. to fair, Adjusted and of services some expanded such be adjusted to lower related roughly operating
we be my our initial assessment, operational I indicated, are as margins by commitments. Brent based As should leaning improvement XXXX achieve efforts per this believe into our mid and XX% obtainable in of and on our operating To moving pre-COVID including existing savings initiatives, where additional as and cost facilities. era process be areas are on improvement review can full adding COVID a permanent we made such optimization roadmap adjusted faster initiatives
an client We are value. deeper items our product going and review, the most also focusing consolidating on that portfolio create eye with on towards
making and our to up enhance reporting building accountability. significantly decision drive internal are we capabilities Finally, management
having reach recipe these engaged and clients our is to which dilute return. clients our know was that associates their up Importantly, actions will year, the the due because and enhance, quarter XX% shareholder tax encouraging was for motivating we full satisfied associates and potential, primary our for not operating $X.XX is was clear P&L, marketplace EPS focus, success and and share. strong This delighting diluted To a expansion. adjusted off X% our to margin finish primarily over last a rate fully
Shelf our year April rates, we fund $XXX of future to Kantar Moving efforts. $XX attractive $X.XX million. to cash placing cash Operating after came debt to and billion We at closed and the free short and during million this at did X.XX% X million balance $XXX was We $XXX repurchase acquisition with Health and the term stock $XX expenditures debt $XXX quarter. million X%. and quarter at After this agreement QX $X.XX at sheet, debt of year million. $XXX flow of of placement on fund of flow capital of software, investments interest ended which pre our capitalized cash drawing partially XX X the for in did billion private very million million
move share sheet balance to As a relates let to and just capital views it to allocation, as seconds me take we few cash management. my
state unapologetic shareholders, whatever clearly simply very let stewards as me we our have belongs funds. First, balance to cash those capitalist, are sheet we an the on and our of that
managing propositions. on wisely core in and call first the business return the such, high is behind As cash investing
a anticipate to we I yield. to provide next competitive the somewhere the Second, approximately Presently low several payout is XX%, that ratio trending dividend our up but over XX’s. dividend in aim years
and if our if Third, they we and exceed position of be capital, value. shareholder cost will the time in acquisitions believe enhance create over will strategic accretive only our we consider marketplace, competitive
trading debt we value. any believe intrinsic opportunistically stock look remaining the excess our may below with investment grade Finally, cash to repurchase is own we capacity, if or shares its
the previous billion. against $XXX that as recently earnings and approved new up year, to to end With of XXXX. to in billion in of $XXX authorization of purchase backdrop, the including up dividends billion press million a board up release, first authorizes $XX this that up we through to of from repurchase $X.X we our hand, quarter, that So in returned $X.XX noted And expect of repurchases. program shares during shareholders our million guidance million the the just repurchase new $X to share
Importantly, our level we will believe activity a grade and this maintaining of of confines strong still within for capital while sheet cash balance make of access potential acquisitions flow, better balance anticipated the sheet. investment to ample or use investments
$XX have offsetting QX, digits Kantar in revenue single Moving about now we expect guidance, we is grow by businesses similar revenue contribute XXXX included over to expect XXXX. Health been QX, a high divested, QX to because while organically amount. million to This that of from since
consistent but the digit revenue recent expect to continue we the by implied associated range, growth, growth work review year half we with assessment us provided somewhere mid-single between out gets of the XXXX. point which growth this fully which previously and point full full dollarized the of a cost and the fiscal For VA as is support deployment generally likely some one revenue year had shifted
you QX, a $X.XX expect will approximately negative we per QX EPS from $X.XX approximately large COVID impact of adjusted recall of which XX% growth over diluted share. XXXX, EPS For included to
earnings $X.XX year. full per we to collectively loss our least over to reflecting prior over repurchase, slight of share, margin than the range to This compares which expect more an the and XX% any $X.XX adjusted VA related per EPS For year be of to driven growth increase diluted revenue being the expansion offset share at last efforts higher by should in with expected assessment. in additional share, $X.XX
For of around year. up rate $XXX to year relates full XX% generate the to tax expecting million flow quarter second the year, as we from million a the expecting for and and cash $XXX full are we cash, last free it
be So in at excited summary, very I’m to Cerner.
also creating I impact shareholder a and opportunity have tremendous value. while significant think positively healthcare, growing to we
We With are turn your our move that, over call operator questions. the with to acting look through and with we to the this I’ll to forward I progress year. for you as achieve urgency sharing the
