10.29.15
PAREXEL
1Q Revenues: $585.2 million (+2%)
1Q Earnings: $24.9 million (-33%)
Comments: Service revenue was $512.1 million, up 4% in the quarter. Clinical Research Services were $410.2 million, up 7%. PAREXEL Consulting Services were $39.3 million, down 5%. PAREXEL Informatics revenue was $62.6 million, down 4%. A restructuring charge of $14.8 million in the quarter was related to the company’s Margin Acceleration Program.
1Q Revenues: $585.2 million (+2%)
1Q Earnings: $24.9 million (-33%)
Comments: Service revenue was $512.1 million, up 4% in the quarter. Clinical Research Services were $410.2 million, up 7%. PAREXEL Consulting Services were $39.3 million, down 5%. PAREXEL Informatics revenue was $62.6 million, down 4%. A restructuring charge of $14.8 million in the quarter was related to the company’s Margin Acceleration Program.
