Financial News

Financial Report: PAREXEL

Service revenue up 3% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

PAREXEL 2Q Revenues: $612.2 million (+1%) 2Q Earnings: $21.8 million (-45%) YTD Revenues: $1.2 billion (flat) YTD Earnings: $59.6 million (-7%) Comments: Comments: Service revenue for the quarter was up 3% with $408.9 million in Clinical Research Services (CRS), $54.6 million in PAREXEL Consulting (PC), and $70.9 million in PAREXEL Informatics (PI). Backlog as of December 31, 2016 was $5.94 billion, an increase of about $462 million year over year. The reported backlog included gr...

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