4Q Net Revenues: $623 million (+11%)
4Q Earnings: $36 million (+35%)
FY Net Revenues: $2.4 billion (+10%)
FY Earnings: $179 million (+89%)
Comments: Late-Stage Development revenues grew 15% in 4Q to $395 million, led by 17% growth in central laboratories and 13% growth in clinical development. FY revenues in Late-Stage Development were up 17% to $1.5 billion. Early Development revenues grew 5% in 4Q to $228 million, led by growth in clinical pharmacology and toxicology. For FY, Early Development revenues were flat at $871 million. The company cited discovery support and "certain pharmaceutical chemistry services" as areas of decline during the period.