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Financial Report: Syneos Health

Clinical Solutions net new business up 1.6% and Commercial Solutions net new business awards up 12% in the quarter.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Syneos Health
1Q Revenues: $1.3 billion (+10.5 %)
1Q Earnings: $46.2 million (+19%)
Comments: Clinical Solutions net new business awards and book-to-bill ratios were $1,241.9 million for the first quarter, up 1.6% and a book-to-bill ratio of 1.22x, and $4,392.9 million for the trailing twelve months, a year-over-year decline of 7.1% and a book-to-bill ratio of 1.07x. Commercial Solutions net new business awards and book-to-bill ratios were $366.7 million for the first quarter, up 12.2% and a book-to-bill ratio of 1.15x, and $1,399.6 million for the trailing twelve months, year-over-year growth of 21.8% and a book-to-bill ratio of 1.13x. Year-over-year ending backlog growth was 2.5% in Clinical Solutions and 21.7% in Deployment Solutions in the quarter.

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