PAREXEL Reports Third Quarter Fiscal Year 2008 Financi...(p Stockholders' equity $...)

Stockholders' equity $397,267 $363,403 $316,616

(a) FY 2007 numbers have been adjusted to reflect FY 2008 presentation.

Certain direct costs have been moved to selling, general and

administrative to ensure consistency among all business segments.

PAREXEL International Corporation

Consolidated Condensed Statement of Income

(In thousands, except per share data)

Unaudited

For the nine months ended March 31,

2008 2007

Service revenue $692,114 $536,746

Reimbursement revenue 138,929 127,376

Total revenue 831,043 664,122

Costs and expenses:

Direct costs 454,316 352,406 (a)

Reimbursable out-of-pocket expenses 138,929 127,376

Selling, general and administrative 151,365 121,425 (a)

Depreciation 24,050 19,453

Amortization 3,512 2,873

Restructuring benefit (860) (74)

Total costs and expenses 771,312 623,459

Income from operations 59,731 40,663

Other income (expense) (403) 1,598

Income before income taxes 59,328 42,261

Provision for income taxes 19,149 15,369

Effective tax rate 32.3% 36.4%

Minority interest expense 577 38

Net income
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