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Financial Report: PAREXEL 1Q

Revenues up 28%

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By: Tim Wright

Editor-in-Chief, Contract Pharma

PAREXEL

1Q Revenues: $462.5 million (+28%)

1Q Earnings: $15.1 million (earnings were $9.6 million 1Q11)

Comments: Clinical Research Services (CRS) revenue was $297.2 million (+26%). PAREXEL Consulting & Medical Communications Services (PCMS) revenue was $48.4 million (+36%). Perceptive Informatics (PI) revenue was $49.2 million (+13%). Net new business wins were $481.1 million with a net book-to-bill ratio of 1.22.

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