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Article: PAREXEL Reports First Quarter Fiscal Year 2010 Financial Results.(Financial report)
- Article from:
- Biotech Week
- Article date:
- November 11, 2009
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PAREXEL International Corporation (NASDAQ:PRXL) announced its financial results for the first quarter ended September 30, 2009 (see also Parexel International Corporation).
For the three months ended September 30, 2009, PAREXEL's consolidated service revenue declined by 1.2% to $259.8 million, compared with $263.0 million in the prior year period. Service revenue in the prior year quarter ended September 30, 2008 would have been $257.3 million, taking into account $5.7 million in service revenue that was subsequently reversed during the fourth quarter of Fiscal Year 2009, as the result of an accounting adjustment. The accounting adjustment was described more ...