Commenting on the results, Chief Executive Officer, Ciaran Murray, said “I am encouraged with our performance in the quarter. Net new business awards were $308m, representing a book to bill of 1.3. This resulted in a year-end backlog of $2.3 billion up 19% on December 2010.” He continued “Earnings in the quarter increased to $0.07. With this level of backlog growth and continuing success in developing our strategic partnerships, we expect revenue to grow steadily through the remainder of 2012 and be in the range of $1.07 - $1.11 billion. As a result of this revenue growth and of improved leverage from our cost base we expect EPS in the range of $0.90 to $1.10.”
ICON Reports Fourth Quarter 2011 Revenue Of $243m, Up 5% Year On Year, And EPS Of $0.07. Backlog Increases 19%. (NASDAQ:ICLR) (ISIN:IE0005711209)
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