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Financial Report: INC Research

Revenues up 3% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

INC Research

1Q Revenues: $400.5 million (+3%)

1Q Earnings: $63.0 million (+13%)

Comments: Income from operations was up 14% to $76.0 million or 19% of revenue compared to $66.7 million or 17% in 1Q15. Backlog of business was up 9% year on year to $3.95 billion.1Q business wins were $514 million, a gross book to bill of 1.29. Net business wins of $440 million, a net book to bill of 1.10.

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