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Financial Report: ICON

Revenues up 19% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ICON

3Q Revenues: $339.8 million (+19%)

3Q Earnings: $27.8 million (+57%)

YTD Revenues: $991 million (+22%)

YTD Earnings: $76.5 million (+93%)

Comments: Income from operations was $33.2 million, or 9.8% of revenue in the quarter. Net business wins were $415 million, representing a net book to bill of 1.2, with a closing backlog of $2.97 billion.

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