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August 6, 2008
By: Tim Wright
Kendle 2Q Revenues: $177.4 million (+27%) 2Q Earnings: $7.8 million (+81%) YTD Revenues: $336.2 million (+24%) YTD Earnings: $13.5 million (+59%) Comments: The company achieved record service revenues of $127.0 million in the quarter (+30%), as well as record new business awards of $204 million (+24%), and record business authorizations of $979 million (+13%). Service revenues were 45% in North America, 44% in Europe, 8% in Latin America and 3% in the Asia/Pacific region. Early-stage revenues were up 54% in the quarter to $8.6 million and late-stage revenues were $116.1 million (+29%).
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