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Financial Report: ICON

Revenues up 6% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

ICON
 
2Q Revenues: $410.6 million (+6%)

2Q Earnings: $64.7 million (+10%)*

YTD Revenues: $811.2 million (+4%)

YTD Earnings: $127.6 million (+12%)*

Comments: Gross business wins in the second quarter were a record $622 million and cancellations in the quarter were $120 million, resulting in record net business wins of $502 million, a net book to bill of 1.22. Income from operations in the quarter increased by 15% to $78.0 million or 19.0% of revenue, compared to $68.1 million or 17.5% for the same quarter last year.
 
*before non-recurring charges

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