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Financial Report: Quintiles 1Q

Integrated Healthcare Services revenues up 20%

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By: Kristin Brooks

Managing Editor, Contract Pharma

Quintiles
 
1Q Revenues: $1.0 billion (+2%)

1Q Earnings: $86.4 million (-4%)

Comments: Product Development service revenues were $749.5 million in the quarter, down 3%, negatively impacted foreign exchange. Integrated Healthcare Services revenues increased 20% to $280.5 million, with increases in commercial solutions in Japan and North America, along with growth in real-world and late phase research services. New business amounted to $1.35 billion in the quarter, up 6%, representing a 1.31 book-to-bill ratio.

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