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Revenue for the first quarter of $1,356.8 million increased 1.5%
May 10, 2023
By: Kristin Brooks
Managing Editor, Contract Pharma
Syneos Health 1Q Revenues: $1.4 billion (+1.5%) 1Q Loss: $72.1 billion (earnings were $46.2 million 1Q22) Comments: Clinical Solutions revenue decreased 0.5% to $1.0 billion. Commercial Solutions revenue increased 8% to $343.1 million. Net new business awards for Clinical Solutions in the quarter were $713.6 million, down 43% with a book-to-bill ratio of .70x. New business awards for Commercial Solutions were $369.6 million, up 1% with a book-to-bill of 1.08x.
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