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Financial Report: Quintiles

Service revenues up 3% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Quintiles
 
3Q Revenues: $1.4 billion (+2%)

3Q Earnings: $108.8 million (+17%)

YTD Revenues: $4.2 billion (+4%)

YTD Earnings: $280.2 million (+5%)

Comments: Service revenues were $1.1 billion in the quarter, up 3% or $32.5 million, including an unfavorable foreign currency impact of $55.6 million compared to the same period last year. Net new business of $1.16 billion was recorded in the quarter, representing a book-to-bill ratio of 1.06, with a Product Development book-to-bill ratio of 1.20 and Integrated Healthcare Services book-to-bill ratio of 0.68 for the quarter. This net new business contributed to an ending backlog of $11.75 billion on September 30, 2015.

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