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Financial Report: Quintiles

Revenues up 8% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Quintiles
 
4Q Revenues: $1.4 billion (+8%)
 
4Q Earnings: $72.9 million (+109%)
 
FY Revenues: $5.1 billion (+5%)
 
FY Earnings: $226.0 (+28%)
 
Comments: New business wins were $1.3 billion and $4.9 billion for the quarter and year ended December 31, 2013, respectively, representing a book-to-bill ratio of 1.29 for both the quarter and year, and contributed to an ending backlog of $9.9 billion. Product Development revenues were $775 million in the quarter, up 10%, and $2.9 billion for the year, up 7%. Integrated Healthcare Services revenue was $228.9 million in the quarter, down 6%, and $888.6 million for the year, down 8%.

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