05.02.16
INC Research
1Q Revenues: $413.1 million (+34%)
1Q Earnings: $17.4 million (-31%)
Comments: Service revenue was up 18% in the quarter. Net new business awards were $302.4 million in the quarter with a book-to-bill of 1.2x. Backlog grew by 17.5% to $1.9 billion. Earnings decrease was primarily due to the impact of foreign currency losses in 2016 compared to gains in the first quarter of the prior year.
1Q Revenues: $413.1 million (+34%)
1Q Earnings: $17.4 million (-31%)
Comments: Service revenue was up 18% in the quarter. Net new business awards were $302.4 million in the quarter with a book-to-bill of 1.2x. Backlog grew by 17.5% to $1.9 billion. Earnings decrease was primarily due to the impact of foreign currency losses in 2016 compared to gains in the first quarter of the prior year.