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Revenues up 18% in the quarter
April 30, 2014
By: Kristin Brooks
Managing Editor, Contract Pharma
PAREXEL 3Q Revenues: $577.9 million (+10%) 3Q Earnings: $34.7 million (+18%) YTD Revenues: $1.7 billion (+14%) YTD Earnings: $89.0 million (+35%) Comments: Clinical Research Services (CRS) revenue was $373.2 million in the quarter, up 9%. PAREXEL Consulting (PC) revenue was $51.9 million, up 3%. PAREXEL Informatics (PI) revenue was $67.3 million, up 9%. Backlog at the end of March 2014 was $4.9 billion, an increase of 9%, including new business wins of $781.6 million in the quarter, and cancellations of $208.7 million.
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