Contract research organization ICON Public Limited Company (NASDAQ:ICLR) saw its Q2 2021 net income surge 55% to $73.9M ("GAAP") driven by record net business wins in the quarter of $1.1B, a 21.6% year-over-year increase.
Shares are down 2.8% to $208 in after-hours trading.
The company also ended the quarter with a record closing backlog of $10.2 billion, a 12.7% increase from the prior-year period.
Q2 Non-GAAP EPS of $2.12 beat by a penny, while revenue of $871.2M (40.5% increase YoY) beat by $13.9M.