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PAREXEL International Updates Earnings Guidance in Conjunction with Its Investor Day
Date:6/24/2008

BOSTON, June 24 /PRNewswire-FirstCall/ -- PAREXEL International Corporation (Nasdaq: PRXL) announced today that it will discuss forward-looking earnings expectations for the fourth quarter of Fiscal Year 2008 (ending June 30, 2008), for Fiscal Year 2008 in its entirety, and for Fiscal Year 2009 at its Investor Day being held tomorrow in Boston, Massachusetts. It should be noted that none of these estimates include the impact from the potential acquisition of ClinPhone plc which was announced in a press release on June 13, 2008.

The Company is updating its guidance for the fourth quarter of Fiscal Year 2008 and for Fiscal Year 2008 in its entirety that it issued on April 23, 2008. For the fourth quarter of Fiscal Year 2008 the Company now anticipates reporting consolidated service revenue in the range of $258 to $265 million and earnings per diluted share of $0.25 to $0.26. (Previously issued guidance for the fourth quarter included service revenue of between $255 and $265 million and earnings per diluted share in the range of $0.25 to $0.26). For Fiscal Year 2008 (ending June 30, 2008) the Company expects consolidated service revenue to be in the range of $950 to $957 million and earnings per diluted share to be in the range of $0.94 to $0.96. (Previously issued guidance for the Fiscal Year was for service revenue of between $947 to $957 million, and earnings per diluted share in the range of $0.94 to $0.96).

The Company is providing guidance estimates for Fiscal Year 2009 for the first time, and anticipates reporting consolidated service revenue in the range of $1.11 billion to $1.14 billion, and earnings per diluted share of $1.10 to $1.20.

Those who wish to listen to the Company's Investor Day presentations and to
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SOURCE PAREXEL International Corporation
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