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PAREXEL Reports Third Quarter Fiscal Year 2009 Financial Results
Date:4/27/2009

administrative 58,998 52,819 Depreciation 10,531 8,162 Amortization 2,728 1,231 Restructuring benefit - (860)* ---- ---- Total costs and expenses 284,542 272,002 Income from operations 26,419 22,721 Other income (expense) (4,716) 352 ------ ------ Income before income taxes 21,703 23,073 Provision for income taxes 7,400 8,586 Effective tax rate 34.1% 37.2% Minority interest expense 99 301 --- --- Net income $14,204 $14,186 ======= ======= Earnings per common share: -------------------------- Basic $0.25 $0.25 Diluted $0.25 $0.25 Shares used in computing earnings per common share: --------------------------- Basic 57,556 56,108 Diluted 57,556 57,765 *Represents a change in assumptions in restructuring reserves mainly related to facilities in the U.K. Balance Sheet Information Preliminary ------------------------- March 31, June 30, March 31, 2009 2008 2008 ---- ---- ---- Billed accounts receivable, net $214,664 $253,256 $216,060 Unbilled accounts receivable, net 215,729 222,560 197,627 Deferred revenue (244,262) (213,126) (199,121) -------- -------- -------- Net receivables $186,1
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SOURCE PAREXEL International Corporation
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