Fiscal Year 2014 Results
On a GAAP basis for the full fiscal year ended June 30, 2014, consolidated service revenue was $1.939 billion versus $1.734 billion in the prior year, a year-over-year increase of 11.8%. Excluding the positive impact from foreign currency exchange rate movements of approximately $5.3 million in Fiscal Year 2014, and approximately $31.8 million of revenue from the LIQUENT and HERON acquisitions, and $2.6 million of revenue in Fiscal Year 2013 from acquisitions, revenue growth was 9.8% year-over-year. For Fiscal Year 2014, GAAP operating income was $199.5 million, or 10.3% of consolidated service revenue, compared with GAAP Fiscal Year 2013 operating income of $136.1 million, or 7.8% of consolidated service revenue. GAAP operating income increased 46.6% year-over-year. Net income on a GAAP basis for Fiscal Year 2014 was $129.1 million, or $2.25 per diluted share, compared with GAAP net income of $96.0 million, or $1.61 per diluted share, in Fiscal Year 2013. On a GAAP basis, net income in the current year increased by 34.5%, and earnings per diluted share increased by 39.8% year-over-year.
The numbers in this paragraph are adjusted and exclude the impact of items outside of the Company's normal operations for Fiscal Year 2014 and Fiscal Year 2013, as detailed in the attached financial tables in both periods. Operating income was $200.1 million, or 10.3% of consolidated service revenue in Fiscal Year 2014, compared with operating income of $138.9 million, or 8.0% of consolidated service revenue, in Fiscal Year 2013. On this basis, operating income in Fiscal Year 2014 increased 44.0% year-over-year. Net income in Fiscal Year 2014 was $124.8 million, or $2.17 per diluted share, compared with net income of $100.5 million, or $1.69 per diluted share, in Fiscal Year 2013. Net income in the current fiscal year increased by 24.2% and earnings per diluted
|SOURCE PAREXEL International Corporation|
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