Financial News

Financial Report: PAREXEL

Consulting revenue up 38% in the quarter

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

PAREXEL 1Q Revenues: $580.7 million (-1%) 1Q Earnings: $40.2 million (+61%) Comments: Clinical Research Services revenue was $381.6 million in the quarter, down 7%. PAREXEL Consulting revenue was $54.2 million, up 38%. PAREXEL Informatics revenue was $65.1 million, up 4%. Backlog as of September 30, 2016 was $5.8 billion, an increase of approximately $365 million year over year. The reported backlog included gross new business wins in the first quarter of $930 million, cancellations of ...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters