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PAREXEL Reports Fourth Quarter and Fiscal Year 2008 Financial Results
Date:8/6/2008

ngs $31,474 $13,656 $30,463

Long-term debt $38,465 $38,443 $277

Stockholders' equity $428,091 $397,266 $316,616

(a) Fiscal Year 2007 numbers have been adjusted to reflect Fiscal Year

2008 presentation. Certain direct costs have been moved to selling,

general and administrative to ensure consistency among all business

segments.

(b) Represents an $11.1 million reversal of certain U.S. tax valuation

reserves, which were offset by $2.4 million in adjustments to the

Netherlands tax reserves.

PAREXEL International Corporation

Consolidated Condensed Statement of Income

(In thousands, except per share data)

Unaudited

Twelve Months Ended

June 30, 2008 June 30, 2007

As As

Reported Adjustments Adjusted Reported(a)

Service revenue $964,283 $964,283 $741,955

Reimbursement revenue 198,687 198,687 176,149

Total revenue 1,162,970 1,162,970 918,104

Costs and expenses:

Direct costs 629,399 629,399 483,887

Reimbursable out-of-

pocket expenses 198,687 198,687 176,149

Selling, general and

administrative 211,392 211,392 169,681

Depreciation 33,005 33,005 26,546

Amortization 4,681 4,681 4,309

Restructuring benefit (860) 860 (b) -
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SOURCE PAREXEL International Corporation
Copyright©2008 PR Newswire.
All rights reserved

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Related biology technology :

1. PAREXEL Promotes Dr. Mark A. Goldberg to Chief Operating Officer
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5. Parexel Invites Public to Listen to Live Webcast of Its Investor Day June 25, 2008
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