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Financial Report: Parexel FY08

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Parexel 4Q Revenues: $331.9 million (+31%) 4Q Earnings: $25.0 million (+140%) FY Revenues: $1.2 billion (+27%) FY Earnings: $64.6 million (+73%) Comments: Record quarterly and FY service revenue was $272.2 million (+33%) and $964.3 million (+30%), respectively. The company had a record backlog of  $2.1 billion (+37%) for the year. Consolidated service revenue in the quarter was $212.0 million in Clinical Research Services (CRS), $33.3 million in Parexel Consulting and Medical Comm...

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