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

1,169 1,169 1,436

Restructuring benefit - - 40

Total costs and expenses 304,992 304,992 237,079

Income from operations 26,935 26,935 16,903

Other income (expense) (726) (726) 370

Income before income taxes 26,209 26,209 17,273

Provision for income taxes 877 8,706 (b) 9,583 6,908

Effective tax rate 3.3% 36.6% 40.0%

Minority interest expense

(benefit) 294 294 (70)

Net income $25,038 $(8,706) $16,332 $10,435

Earnings per common share:

Basic $0.44 $0.29 $0.19

Diluted $0.43 $0.28 $0.18

Shares used in computing

earnings per common share:

Basic 56,602 56,602 55,081

Diluted 57,711 57,711 56,851

Balance Sheet Information Preliminary

June 30, March 31, June 30,

2008 2008 2007

Billed accounts receivable, net $253,256 $216,060 $189,843

Unbilled accounts receivable, net 222,560 197,627 135,178

Deferred revenue (213,126) (199,121) (170,718)

Net receivables $262,690 $214,566 $154,303

Cash and marketable securities $51,918 $53,313 $96,677

Working capital $172,315 $165,437 $118,746

Total assets $941,757 $859,638 $680,013

Short-term borrowi
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SOURCE PAREXEL International Corporation
Copyright©2008 PR Newswire.
All rights reserved

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