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Service revenue up 7% in the quarter
May 7, 2015
By: Kristin Brooks
Managing Editor, Contract Pharma
PRA Health Sciences 1Q Revenues: $388.6 million (+10%) 1Q Earnings: $17.2 million (loss of $10.0 million 1Q14) Comments: Service revenue was $332.0 million in the quarter, up 7%. Net new business for the quarter was $398.0 million representing a book-to-bill ratio of 1.2 for the period. This new business contributed to an ending backlog of $2.2 billion at March 31, 2015....
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