Quintiles Transactional Holdings (NYSE:Q) reported third quarter earnings of $117.58 million or 94 cents a share, beating analyst expectations of 81 cents a share and a 44.6 percent increase compared to the same period last year.

Revenue for the quarter rose 1.4 percent to $1.42 billion, up from $1.4 billion last year.

The company’s growth in service revenues, excluding the impact of foreign currency fluctuations (“constant currency”), was 8.3 percent with 9.4 percent growth in the Product Development segment and 5.5 percent growth in the Integrated Healthcare Services segment.

Service revenues were $1.09 billion which at actual rates represents growth of 3.1 percent, or $32.5 million, including an unfavorable foreign currency impact of $55.6 million compared to the same period last year.

Adjusted income from operations was $179.0 million in the third quarter of 2015, representing growth of 18.6% at actual rates compared to the same period last year.

Net new business of $1.16 billion was recorded for the third quarter.

“Our disciplined operational and management processes enabled us to deliver strong growth in diluted adjusted EPS at $0.94 per share, an increase of 44.6 percent,” said CEO Tom Pike in a statement.

“We are seeing continued success in our Product Development segment, with now five consecutive quarters with a 1.20 or greater book-to-bill ratio, and we remain focused on delivering our industry-leading $11.75 billion backlog.”

Quintiles’ industry leadership position was recently illustrated in a recent report from Industry Standard Reports (ISR), who named ot the leader in Phase IV clinical services. It were awarded the SCRS Eagle Award for its work with clinical research sites and were named Asia Pacific CRO Company of the Year by Frost & Sullivan.

General corporate and unallocated expenses were $26.5 million during the quarter ended September 30, 2015 compared to $27.1 million for the same period last year. Interest expense was $25.4 million during the quarter ended September 30, 2015 compared to $25.0 million for the same period last year.

Quintiles updated its full year 2015 constant currency service revenue growth guidance to a range of 8.6 percent – 9.2 percent compared to full year 2014 and increasing diluted adjusted EPS guidance to $3.27 – $3.33 per share, representing diluted adjusted EPS growth of 21.1 percent – 23.3 percent compared to full year 2014