The Company issued forward-looking guidance for the first quarter of Fiscal Year 2009 (ending September 30, 2008), and updated guidance for Fiscal Year 2009, using recent exchange rates. Without taking into account the impact from the anticipated acquisition of ClinPhone (as announced on June 13, 2008), the Company expects to report consolidated service revenue for the first quarter in the range of $260 to $270 million, and earnings per diluted share in the range of $0.23 to $0.25. For Fiscal Year 2009, consolidated service revenue is expected to be in the range of $1.125 to $1.155 billion and earnings per diluted share are projected to be in the range of $1.15 to $1.25 (versus previously issued revenue guidance for Fiscal Year 2009 of $1.110 to $1.140 billion, and earnings per diluted share of $1.10 to $1.20).
The Company currently anticipates that the acquisition of ClinPhone
will be completed in the course of the first quarter of Fiscal Year 2009.
When taking into account the impact from the anticipated acquisition, the
Company expects that there will be a dilutive impact to earnings per share
in Fiscal Year 2009 in the range of $0.04 to $0.06, including the
amortization of intangibles and other costs. Upon closing of the
transaction, PAREXEL will also be taking a one-time charge to write off
costs associated with unamortized loan fees in connection with its existing
line of credit and costs related to unwinding of interest rate hedges. The
Company anticipates these costs will have a dilutive impact to earnings per
share in Fiscal Year 2009 of approximately $0.02. Due to U
|SOURCE PAREXEL International Corporation|
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