inVentiv Health Reports Record Financial Results for Fourth Quarter and Full... (rter of 2007 compared to $18.5 million f...)

inVentiv Health Reports Record Financial Results for Fourth Quarter and Full Year 2007

Date:2/28/2008

rter of 2007, compared to $18.5 million for the fourth

quarter of 2006.

-- Adjusted income from continuing operations increased 35% to $15.3

million for the fourth quarter of 2007, compared to $11.3 million for

the fourth quarter of 2006. GAAP income from continuing operations

increased 72% to $15.5 million for the fourth quarter of 2007, compared

to $9.0 million for the fourth quarter of 2006.

-- Adjusted diluted earnings per share (EPS), including stock compensation

expense, increased 27% to $0.47 for the fourth quarter of 2007,

compared to $0.37 for the fourth quarter of 2006. GAAP diluted EPS

increased 62% to $0.47 for the fourth quarter of 2007, compared to

$0.29 for the fourth quarter of 2006.

Full Year 2007 Results from Continuing Operations:

-- Total revenues increased 28% to $977.3 million for 2007, compared to

$766.2 million for 2006. Net revenues increased 26% to $796.7 million,

compared to $631.6 million for 2006. Pro-forma organic net revenue

growth for 2007 was 13% compared to the same period last year.

-- Adjusted operating income increased 25% to $102.2 million for 2007,

compared to $81.6 million for 2006. GAAP operating income increased

21% to $94.8 million for 2007, compared to $78.1 million for 2006.

-- Adjusted income from continuing operations increased 25% to $51.3

million for 2007, compared to $41.0 million for 2006. GAAP income from

continuing operations decreased 4% to $47.2 million for 2007, compared

to $49.2 million for 2006. This decrease is reflective of the $1.0

million and $9.1 million of tax benefits recognized in 2007 and 2006,

respectively, as described in note (1).

-- Adjusted diluted EPS, including stock compensation expense, increased

16% to $1.59 for 2007, compared to $1.37 for 2006. GAAP diluted EPS'/>"/>

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inVentiv Health Reports Record Financial Results for Fourth Quarter and Full...(rter of 2007 compared to $18.5 million f...),Health