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PAREXEL Reports First Quarter Fiscal Year 2012 Financial Results
Date:10/31/2011

environment in which we operate.  I believe that we are well-positioned to further improve our performance by capturing additional market share, leveraging the strength of our global processes and systems, and executing efficiently on projects.  Going forward, we expect to continue the first quarter’s momentum, and anticipate that the remaining quarters of Fiscal Year 2012 will show sequential growth in revenue and improvement in margin.”

The Company issued forward-looking guidance for the second quarter of Fiscal Year 2012 (ending December 31, 2011), and for Fiscal Year 2012.  The Company expects to report consolidated service revenue for the second quarter (ending December 31, 2011) in the range of $330 to $340 million, GAAP earnings per diluted share in the range of $0.17 to $0.21, and adjusted earnings per diluted share in the range of $0.21 to $0.25.  For Fiscal Year 2012, consolidated service revenue is expected to be in the range of $1.355 to $1.385 billion, GAAP earnings per diluted share in the range of $0.99 to $1.14, and adjusted earnings per diluted share in the range of $1.07 to $1.22.  (Previously issued guidance for Fiscal Year 2012 was for service revenue of $1.355 to $1.395 billion, GAAP earnings per diluted share of $0.95 - $1.14, and adjusted earnings per diluted share of $1.05 to $1.24 (which exclude the impact of restructuring and related charges)).

The Company notes that Fiscal Year 2011 numbers have been reclassified to conform to the current year’s presentation.  A slide depicting the reclassified numbers for Fiscal Year 2011, in addition to other trended financial information, may be found in the Investor Relations section of the Company’s website under the “Additional Financials” section.  

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), the Company uses certain non-GAAP financial me
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SOURCE PAREXEL International Corporation
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