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Service revenue was up 18% in the quarter
May 2, 2016
By: Kristin Brooks
Managing Editor, Contract Pharma
INC Research 1Q Revenues: $413.1 million (+34%) 1Q Earnings: $17.4 million (-31%) Comments: Service revenue was up 18% in the quarter. Net new business awards were $302.4 million in the quarter with a book-to-bill of 1.2x. Backlog grew by 17.5% to $1.9 billion. Earnings decrease was primarily due to the impact of foreign currency losses in 2016 compared to gains in the first quarter of the prior year....
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