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PAREXEL International Reports Fourth Quarter and Fiscal Year 2011 Results
Date:8/9/2011

rns to our clients and shareholders alike.”

He continued, “Fiscal Year 2011 presented us with many exciting new business opportunities, as many of our clients embraced a new way of working with us.  The year’s new business and backlog results clearly demonstrate that PAREXEL is a partner of choice for many clients.  Our expertise-based, globally integrated, and technology-enabled strategy has been effective.  It has resonated with clients who understand the value that we can create for them.”

With regard to the future outlook for the Company, Mr. von Rickenbach commented, “As we enter into Fiscal Year 2012, our focus is on revenue growth, successfully executing quality projects for clients, and on increasing operating income by further reaping the benefits of our productivity and efficiency initiatives.  We plan to continue making judicious investments by adding to our talent base to meet current and future project needs.  We anticipate that as the year progresses, some of the more mature strategic partnerships will hit their stride.  We also anticipate that we will achieve a restoration of our profitability over the course of the year, as productivity starts to improve and as a variety of initiatives and the previously-announced restructuring bear fruit.”

The Company issued forward-looking guidance for the first quarter of Fiscal Year 2012 (ending September 30, 2011), and for Fiscal Year 2012.  The Company expects to report consolidated service revenue for the first quarter (ending September 30, 2011) in the range of $312 to $322 million, GAAP earnings per diluted share in the range of $0.10 to $0.12, and adjusted earnings per diluted share in the range of $0.16 to $0.18.  For Fiscal Year 2012, consolidated service revenue is expected to be in the range of $1.355 to $1.395 billion, GAAP earnings per diluted share in the range of $0.95 to $1.14, and adjusted earni
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SOURCE PAREXEL International Corporation
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