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Financial Reports: ICON

Revenues rise at CRO

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ICON 1Q13

1Q Revenues: $317 million (+26%)

1Q Earnings: $22 million (+147%)

Comments: ICON reported net new business of $422 million and a book-to-bill ratio of 1.3. During 1Q13 the company recorded a charge of $4.4 million in restructuring costs and other items.

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