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Financial Report: Quintiles

Product Development business drives growth in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Quintiles

4Q Revenues: $1.4 billion (+2%)

4Q Earnings: $88.4 million (+21%)

FY Revenues: $5.5 billion (+7%)

FY Earnings: $356.5 million (+58%)

Comments: Service revenues were $1.1 billion in the quarter, up 6% with growth in the Product Development segment and Integrated Healthcare Services segment. Net new business growth in the quarter was up 22% to $1.6 billion representing a book-to-bill ratio of 1.49. Product Development new business increased 28% in the quarter to $1.2 billion. Integrated Healthcare Services new business increased 6% to $354 million.

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