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Revenues up 14% in the quarter
October 30, 2013
By: Tim Wright
PAREXEL 1Q Revenues: $529.1 million (+14%) 1Q Earnings: $26.0 million (+72%) Comments: Consolidated service revenue increased by 14% to $449.2 million in the quarter. Recent acquisitions contributed approximately $11.5 million to revenue. Clinical Research Services (CRS) revenue for the quarter was $332.6 million, up 12%. PAREXEL Consulting and Medical Communications Services (PCMS) revenue was $53.5 million, up 11%. Perceptive Informatics, Inc. revenue was $63.1 million, up 28%. Backlog at the end of September 2013 was approximately $4.6 billion, up 2%.
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