Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Financial Report: INC Research | Contract Pharma

What are you searching for?

Sign in
Financial News

Financial Report: INC Research

Service revenue was up 18% in the quarter

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

INC Research
 
1Q Revenues: $413.1 million (+34%)

1Q Earnings: $17.4 million (-31%)

Comments: Service revenue was up 18% in the quarter. Net new business awards were $302.4 million in the quarter with a book-to-bill of 1.2x. Backlog grew by 17.5% to $1.9 billion. Earnings decrease was primarily due to the impact of foreign currency losses in 2016 compared to gains in the first quarter of the prior year.

Add us as a preferred source on Google

Get the latest Contract Pharma news, insights and analysis in your Google Search and AI experiences.

Add Contract Pharma as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters