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Financial Report: PAREXEL 1Q12

Revenues up 6%

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By: Tim Wright

Editor-in-Chief, Contract Pharma

PAREXEL 1Q12  

1Q Revenues: $314.7 million (+6%)

1Q Earnings: $9.6 million (earnings were $17.8 million 1Q11)

Comments: Consolidated service revenue for the first quarter was $235.4 million in Clinical Research Services (+2%), $35.6 million in PAREXEL Consulting and Medical Communications Services (+26%), and $43.7 million in Perceptive Informatics, Inc. (+22%). New business wins generated a net book-to-bill ratio of 1.77. Backlog at September 30, 2011 was approximately $3.6 billion, up 23%

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