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Service revenues up 4% in the quarter
January 28, 2016
By: Kristin Brooks
Managing Editor, Contract Pharma
PAREXEL 2Q Revenues: $604.2 million (+5%) 2Q Earnings: $39.4 million (+2%) YTD Revenues: $1.2 billion (+4%) YTD Earnings: $64.3 million (-15%) Comments: Service revenues were $518.5 million in the quarter, up 4%. Clinical Research Services (CRS) revenue was $407.1 million, PAREXEL Consulting (PC) sales were $41.4 million, and PAREXEL Informatics sales were $70.0 million. A restructuring charge of $10.4 million was recorded in the quarter related to PAREXEL’s ongoing Margin Acceler...
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