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Revenues up 14% in the quarter
July 30, 2015
By: Kristin Brooks
Managing Editor, Contract Pharma
INC Research 2Q Revenues: $227.4 million (+14%) 2Q Earnings: $23.3 million (+53%) YTD Revenues: $438.9 million (+13%) YTD Earnings: $48.6 million (earnings were $13.8 million YTD14) Comments: Backlog grew by 12% year-over-year to $1.7 billion as of June 30, 2015. Service revenue growth during both the quarter and first half was primarily driven by continued strong awards over the last two years, a lower cancellation rate of previously awarded business and a positive revenue mix. ...
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