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Financial Report: PAREXEL

Consulting revenue up 49% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

PAREXEL

3Q Revenues: $611.4 million (+6%)

3Q Earnings: $47.9 million (+27%)

YTD: Revenues: $1.8 billion (+21%)

YTD: Earnings: $112.2 million (1%)

Comments: Clinical Research Services (CRS) revenue was flat at $402.8 million, PAREXEL Consulting (PC) revenue was up 49% to $49.9 million, and PAREXEL Informatics (PI) revenue was $74.4 million, up 11%. Backlog as of March 31, 2016 was $5.7 billion, an increase of 9.1% year-over-year.

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