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PAREXEL Reports Second Quarter Fiscal Year 2009 Financial Results
Date:1/26/2009

Company anticipates reporting consolidated service revenue in the range of $273 to $283 million and earnings per diluted share in the range of $0.23 to $0.25. On a GAAP basis, for Fiscal Year 2009, consolidated service revenue is expected to be in the range of $1.095 to $1.115 billion, and earnings per diluted share to be in the range of $0.80 to $0.84 (previously issued revenue guidance was service revenue of $1.080 to $1.110 billion, and diluted earnings per share of $0.75 to $0.82). Excluding the impact of the second quarter contract termination as previously described, the Company expects to achieve diluted earnings per share of $0.94 to $0.98 for Fiscal Year 2009. For Calendar Year 2009, consolidated service revenue is expected to be in the range of $1.135 to $1.175 billion, and earnings per diluted share are projected to be in the range of $0.96 to $1.04.

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), the Company uses certain non-GAAP financial measures. The Company believes that presenting the non-GAAP financial measures contained in this press release assists investors and others in gaining a better understanding of its core operating results and future prospects, especially when comparing such results to previous periods or forecasted guidance, because such measures exclude items that are outside of the Company's normal operations and/or, in certain cases, are difficult to forecast accurately for future periods. Management uses non-GAAP financial measures, in addition to the measures prepared in accordance with GAAP, as the basis for measuring the Company's core operating performance and comparing such performance to that of prior periods and to the performance of its competitors for the same reasons stated above. Such measures are also used by management in its financial and operating decision-making. Non-GAAP financial measures are not meant to be considered supe
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SOURCE PAREXEL International Corporation
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