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PAREXEL Reports Second Quarter Fiscal Year 2008 Financial Results
Date:1/23/2008

strative 51,406 39,376 (a)

Depreciation 8,392 6,608

Amortization 1,382 993

Income from operations 20,482 13,867

Other income (expense) (329) 823

Income before income taxes 20,153 14,690

Provision for income taxes 8,326 5,482

Effective tax rate 41.3% 37.3%

Minority interest expense 296 128

Net income $11,531 $9,080

Earnings per common share:

Basic $0.41 $0.33

Diluted $0.40 $0.32

Shares used in computing earnings per

common share:

Basic 27,821 27,245

Diluted 28,648 27,970

Balance Sheet Information Preliminary

Dec 31, Sept 30, June 30,

2007 2007 2007

Billed accounts receivable, net $221,476 $205,002 $189,843

Unbilled accounts receivable, net 163,251 149,378 135,178

Deferred revenue (200,093) (173,972) (170,718)

Net receivables $184,634 $180,408 $154,303

Cash and marketable securities $62,926 $50,436 $96,677

Working capital $108,877 $75,958 $118,746

Total assets $809,549 $735,660 $680,013

Short-term borrowings $60,453 $55,463 $30,
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SOURCE PAREXEL International Corporation
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