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Financial Report: INC Research 1Q

Service revenues up 15%

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By: Kristin Brooks

Managing Editor, Contract Pharma

INC Research

1Q Revenues: $211.5 million (+15%)

1Q Earnings: $25.3 million (loss of $1.7 million 1Q14)

Comments: New business awards were $255.5 million in the quarter, as compared to $280.9 million in 1Q14, and a book-to-bill ratio of 1.2x. Service revenue was $211.5 million in the quarter, up 15%, with particularly strong growth in CNS, Oncology and other complex therapeutic areas.

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