Excluding the impact from the contract termination, second quarter operating income was $22.7 million, or 8.2% of consolidated service revenue, net income was $13.1 million, and earnings per diluted share were $0.23, representing earnings per share growth of 15% compared with the prior year period.
On a segment basis, consolidated service revenue for the second quarter of Fiscal Year 2009 was $200.9 million in Clinical Research Services (CRS), $31.9 million in PAREXEL Consulting and Medical Communications Services (PCMS), and $43.0 million in Perceptive Informatics, Inc.
For the six months ended December 31, 2008, consolidated service revenue was $538.9 million versus $446.8 million in the prior year period, an increase of 20.6%. Operating income for the current six-month period was $29.7 million, or 5.5% of service revenue, compared with operating income of $37.0 million, or 8.3% of service revenue in the prior year period. On an adjusted basis, excluding the impact from the contract termination previously mentioned, operating income for the six-month period ending December 31, 2008 was $44.7 million, equating to an operating margin of 8.3% of service revenue. Net income on a GAAP basis for the six months ended December 31, 2008 was $18.8 million, or $0.32 per diluted share, compared with net income of $25.4 million, or $0.44 per diluted share, in the prior year period. On an adjusted basis, excluding both the impact from the Q2 Fiscal Year 2009 contract termination, and a $4 million net tax benefit in Q1 of Fiscal Year 2008, net income for the six months ended December 31, 2008 was $26.7 million, or $0.46 per diluted share, compared with net income of $21.4 million, or $0.37 per diluted share, in the prior year period.
PAREXEL's backlog wa
|SOURCE PAREXEL International Corporation|
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