INC Research Holdings (INCR) Tops Q1 EPS by 5c; Boosts FY16 Outlook

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INC Research Reports First Quarter 2016 Results

May 2, 2016 6:00 AM EDT

Highlights

Book-to-bill of 1.2x for the first quarter of 2016 and 1.3x for the trailing twelve-month period ended March 31, 2016.Net new business awards of $302.4 million for the three months ended March 31, 2016.Net service revenue growth of 17.7% for the three months ended March 31, 2016.Adjusted diluted earnings per share growth of 38.1% to $0.58 for the three months ended March 31, 2016.GAAP diluted earnings per share of $0.31 for the three months ended March 31, 2016.Increased full year net service revenue guidance to $1,020 million to $1,030 million and adjusted diluted EPS guidance to $2.34 to $2.46.

RALEIGH, N.C., May 02, 2016... More