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Financial Report: INC Research

Revenues up 29% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

INC Research

4Q Revenues: $327.7 million (+29%)

4Q Loss: $49.8 million (loss of $13 million 4Q13)

FY Revenues: $1.2 billion (+18%)

FY Loss: $23.4 million (loss of $41.5 million FY13)

Comments: Service revenue increased 23% in the quarter to $213.7 million. Net new business awards were $316.3 million, representing growth of 11% and a book-to-bill ratio of 1.5x.

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