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news.ICON, a provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, has reported net revenue of $233.04m for the fiscal second quarter ended 30 June 2011, an increase of 4.2%, compared to $223.75m for the same period in 2010.
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For the second quarter of 2011, the company has generated net income of $13.08m, compared to $22.87m for the same period in 2010.
ICON’s income from operations was $15.51m, compared to $25.68m for the same period last year.
For the six months ended 30 June 2011, the company posted net revenue of $462.34m, compared to $442.86m for the same period in 2010.
Net income was $25.89m for the six months of 2011 compared to $45.07m in the prior year period.
The company’s income from operations was $31.48m, compared to $52.46m for the same period in 2010.