Citi Downgrades Quintiles (Q) to Neutral
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Quintiles 1st Quarter 2016 Results
May 3, 2016 6:15 AM EDTAgreement to merge with IMS Health in all-stock transaction to create Quintiles IMS, an industry-leading information and technology-enabled healthcare services provider 8.4% constant currency service revenue growth compared to the first quarter of 2015 $0.89 diluted adjusted EPS representing 23.6% growth compared to the first quarter of 2015 Net new business of $1.03 billion in the first quarter of 2016, representing a 0.93 book-to-bill and resulting in backlog of $12 billion as of March 31, 2016 Cash flow from operations of $112.1 million and free cash flow of $85.9 million in the three months ended March 31, 2016... More
