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Clinical Research Services revenue up 4%
January 29, 2015
By: Kristin Brooks
PAREXEL 2Q Revenues: $575.0 million (flat) 2Q Earnings: $38.8 million (+37%) YTD Revenues: $1.1 billion (+4%) YTD Earnings: $75.9 million (+40%) Comments: Clinical Research Services (CRS) revenue was $377.4 million in the quarter, up 4%. PAREXEL Consulting & Medical Communications Services (PCMS) revenue was $56.0 million (-5%). Perceptive Informatics (PI) revenue was up 3% to $65.8 million. Gross new business wins for the year were $964.4 million, up 15%, net book-to-bill ratio was 1.54, and backlog was $5.1 billion.
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