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ICON plc (ICLR) is a publicly-traded company that is listed on the NASDAQ stock exchange under the ticker symbol "ICLR." The company, headquartered in Dublin, Ireland, is a global provider of clinical research services and technology solutions to pharmaceutical, biotechnology, and medical device industries.
ICLR has a market capitalization of approximately $8.8 billion as of February 2023. In its most recent full-year financial results for the year ended December 31, 2021, the company reported revenue of $3.2 billion, representing a year-over-year increase of 12.9%. Its net income for the year was $225.8 million, up from $166.9 million in the previous year.
The company has reported consistent growth in revenue and earnings over the past several years, driven by strong demand for its clinical research services and technology solutions. ICLR has also made several strategic acquisitions to expand its capabilities and geographic reach, which has contributed to its growth.
ICLR is well-positioned in the clinical research services market, which is expected to grow at a compound annual growth rate of 10.2% from 2021 to 2028, according to a report by Grand View Research. The company's strong financial performance, coupled with the growing demand for its services, makes it an attractive investment opportunity for investors seeking exposure to the healthcare and life sciences sectors.
However, it's worth noting that investing in stocks always carries risks, and it's important to conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.