Oracle CEO warns Cerner EHR business facing 'near-term' headwinds for revenue growth
Fierce Healthcare
SEPTEMBER 13, 2023
Oracle shares fell 13% Tuesday as the software giant's near-term revenue forecast was weaker than Wall Street analysts expected. | Oracle chairman and CTO Larry Ellison told investors Monday that the company is working to modernize the Cerner EHR platform using an application code generator to enhance the software "one piece at a time." "On the business side of things, we think the Cerner business is going to get stronger and stronger," Ellison said.
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