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CorVel Announces Record Earnings
Date:6/10/2008

s release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

CorVel Corporation

Quarterly Results - Income Statement

Quarters and Fiscal Years Ended March 31, 2007 and 2008

Quarter Ended Quarter Ended

March 31, 2007 March 31, 2008

Revenues 70,910,000 77,368,000

Cost of revenues 53,330,000 56,538,000

Gross profit 17,580,000 20,830,000

General and administrative 8,911,000 10,661,000

Income from operations 8,669,000 10,169,000

Income tax expense 3,381,000 3,965,000

Net income 5,288,000 6,204,000

Earnings Per Share:

Basic $0.38 $0.45

Diluted $0.37 $0.44

Weighted Shares

Basic 14,009,000 13,758,000

Diluted 14,305,000 13,958,000

Fiscal Year Ended Fiscal Year Ended

March 31, 2007 March 31, 2008

Revenues 274,581,000 301,894,000

Cost of revenues 208,746,000 223,829,000

Gross profit 65,835,000 78,065,000

General and administrative 35,383,000 39,720,000

Income from operations 30,452,000 38,345,000

Income tax expense 11,876,
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SOURCE CorVel Corporation
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