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Financial Report: ICON

Revenue up 7% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

1Q Revenues: $578.1 million (+7%)
1Q Earnings:  $71.4 million (+13%)
Comments: Gross business wins in the first quarter were $580 million and cancellations in the quarter were $59 million, resulting in net business wins of $521 million, a net book to bill of 1.21. Income from operations was up 13% to $85.7 million, or 20% of revenue.

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