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PAREXEL Issues Updated Financial And Operational Information
Date:1/11/2010

remainder to be recorded in the second half of Fiscal Year 2010. The timing of the restructuring and related charges has been pushed out as a result of delays associated with local labor law compliance requirements.

For Fiscal Year 2010, consolidated service revenue is now expected to be in the range of $1.115 to $1.145 billion (previously issued revenue guidance was $1.105 to $1.125 billion). GAAP earnings per diluted share for Fiscal Year 2010 are now projected to be in the range of $0.60 and $0.70, and adjusted earnings per diluted share (excluding the previously mentioned restructuring and related charges) are expected to be in the range of $0.90 to $1.00 (previously issued GAAP diluted earnings per share guidance was $0.57 to $0.67, and adjusted diluted earnings per share was $0.87 to $0.97).

The Company expects to report a net book-to-bill ratio in the range of 1.25 for new business authorizations in the December 2009 quarter (net book-to-bill is defined as gross new business wins, less cancellations, divided by consolidated service revenue).

For Calendar Year 2010, consolidated service revenue is expected to be in the range of $1.170 to $1.215 billion, and GAAP earnings per diluted share are projected to be in the range of $0.85 to $1.00. Adjusted earnings per diluted share, (excluding the previously mentioned restructuring and related charges) are projected to be in the range of $1.00 to $1.15.

PAREXEL plans to report financial results for the second quarter on January 25, 2010, and to host a conference call regarding the results on January 26, 2010.

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), the Company includes certain non-GAAP financial measures in this press release. The Company believes that these non-GAAP financial measures assist investors and others in comparing the Company's results to previous period
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