|Icon CEO Ciaran Murray|
Irish-headquartered CRO Icon ($ICLR) kept its streak of quarterly revenue growth running, posting a 1.8% year-over-year increase in sales.
The company booked $394.7 million in the third quarter, topping the $387.6 million it brought in in the same period last year. Taking into account currency fluctuations, that would have amounted to 7.5% instead of 1.8%, Icon said.
Icon's profits jumped 22% to $61.5 million or $1.02 per share, a figure that topped analysts' estimates.
For the first 9 months of the year, Icon has made $1.2 billion in revenue, pacing 5.2% ahead of 2014. The company is expecting full-year revenue to come in at about $1.6 billion.
To get there, Icon is relying on its backlog to keep cash coming in.
"We achieved net new business wins of $475 million, which represented a book to bill of 1.2 and grew our backlog by 8% over last year," CEO Ciaran Murray said in a statement.
- read the results