ICON plc (ICLR) Tops Q3 EPS by 3c; Raises EPS Outlook
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ICON Reports Third Quarter 2017 Results
October 26, 2017 6:00 AM EDTHighlights
Record gross and net business wins of $691 million and $581 million respectively; gross book to bill of 1.57 and net book to bill of 1.32. Backlog of business grew 13% year on year to $4.78 billion. Net revenue increased 4.8% to $440 million compared to the same quarter last year, 3.2% on a constant currency basis. Top customer revenue concentration reduced from 25.2% of revenue in Q3 2016 to 16.6% in Q3 2017. Outside our top customer revenue growth over the last twelve months increased by 17%. Income from operations in the quarter increased by 4.6% to $84.9... More