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Financial Report: ICON 1Q11

Gross business wins in the quarter were $329 million, representing a book to bill of 1.43.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ICON 1Q11

1Q Revenues: $229 million (+5%)

1Q Earnings: $12.8 million (-42%)

Comments: Gross business wins in the quarter were $329 million, representing a book to bill of 1.43. Net business wins were $257 million with a book to bill of 1.12. Earnings in the quarter were impacted by a $5 million restructuring charge.

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