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PAREXEL International Reports Fourth Quarter And Fiscal Year 2014 Results
Date:8/6/2014

BOSTON, Aug. 6, 2014 /PRNewswire/ -- Fourth Quarter Fiscal Year 2014 Results (compared to Fourth Quarter Fiscal Year 2013)

  • 10.2% growth in consolidated service revenue to $510.6 million
  • GAAP operating margin of 11.5%; adjusted operating margin of 11.2% (up 260 basis points)
  • GAAP diluted earnings per share of $0.70 grew 34.6%; adjusted earnings per share of $0.65 grew 30.0%
  • Net new business wins of $592.5 million; net book-to-bill ratio of 1.16; backlog at $5.0 billion
  • Fiscal Year 2014 Results (compared to Fiscal Year 2013)

  • 11.8% growth in consolidated service revenue to $1.94 billion
  • GAAP and adjusted operating margin of 10.3% (adjusted operating margin up 230 basis points)
  • GAAP diluted earnings per share of $2.25 grew 39.8%; adjusted earnings per share of $2.17 grew 28.4%
  • Net new business wins of $2.21 billion; net book-to-bill ratio of 1.14; backlog up 8.6%
  • Operating cash flow of $287.2 million
  • PAREXEL International Corporation (NASDAQ: PRXL) today reported financial results for the fourth quarter and Fiscal Year 2014, which ended on June 30, 2014. 

    In commenting on the results of the quarter and Fiscal Year, Mr. Josef H. von Rickenbach, PAREXEL's Chairman and Chief Executive Officer, stated, "The fourth quarter's financial results capped a strong fiscal year for PAREXEL.  For the full year, we again drove record service revenue which increased by almost 12% from the prior year, with all business segments contributing to the positive results.  In the quarter, 10.4% of the previous quarter's backlog converted to revenue.  On a quarterly average basis for the year, backlog conversion was 10.2%.  We also exceeded our profitability improvement targets, increasing adjusted operating margin to 11.2% in the quarter and to 10.3% for the full fiscal
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