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PAREXEL International Corp (PRXL.OQ)

PRXL.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Parexel International updates on share repurchase program
Thursday, 2 Mar 2017 05:41pm EST 

Parexel International Corp : Parexel International - on Feb 27, co entered into amendment to letter agreement regarding accelerated share repurchase program dated Nov 21, 2016 .Parexel International - as per amendment, neither co or HSBC is required to deliver shares of common stock of co greater than 7.5 million - sec filing.  Full Article

Parexel International appoints Simon Harford as CFO
Tuesday, 28 Feb 2017 07:00am EST 

Parexel International Corp : Parexel International appoints Simon Harford as senior vice president and chief financial officer .Parexel International Corp - Appointment of Simon Harford as chief financial officer effective June 1, 2017.  Full Article

Parexel International reports Q2 GAAP earnings $0.41/shr
Wednesday, 1 Feb 2017 11:18pm EST 

Parexel International Corp : Parexel international reports second quarter fiscal year 2017 results . Q2 adjusted earnings per share $0.85 . Q2 gaap earnings per share $0.41 . Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Qtrly backlog increased 8.4% year-over-year to $5.94 billion . Qtrly service revenue of $534.4 million, up 3.1% . Sees FY 2017 non-gaap earnings per share $3.15 to $3.43 . Sees FY 2017 revenue $2.08 billion to $2.12 billion . Sees FY 2017 gaap earnings per share $2.30 to $2.58 . Qtrly total revenue $612.2 million versus $604.2 million . Q2 revenue view $537.3 million -- Thomson Reuters I/B/E/S .Fy2017 earnings per share view $3.75, revenue view $2.15 billion -- Thomson Reuters I/B/E/S.  Full Article

Parexel International approved plan to restructure its operations on Jan. 6, 2017,
Monday, 9 Jan 2017 04:48pm EST 

Parexel International Corp : Parexel international corp - on January 6, 2017, approved plan to restructure its operations - sec filing . Parexel international corp - restructuring initiative is company-wide . Parexel international - actions are expected to result in pre-tax charges in range of $25 - $35 million, all of which are anticipated to be cash expenditures . Parexel international-charges will include about $24 million to $32 million in employee separation costs and approximately $1 million to $3 million in other costs . Parexel international - expects to record a pre-tax charge in q3 of fiscal year ending june 30, 2017 in range of $20 million to $27 million . Co anticipates completing restructuring activities by end of fiscal year 2018 . Parexel international corp - expects charges to result in annual pre-tax savings of approximately $7 million to $10 million over course of fiscal year 2017 . Parexel international - expects to record remainder of charges to be incurred by end of fiscal year ending june 30, 2018 .Parexel international corp - expects charges to result in approximately $30 million to $40 million on an annualized basis when plans fully completed.  Full Article

Parexel International enters into short term unsecured revolving credit facility on Dec 23- SEC filing
Friday, 23 Dec 2016 03:33pm EST 

Parexel International Corp: On December 23, 2016, Co entered into short term unsecured revolving credit facility- SEC filing . All outstanding loans under facility mature on June 22, 2017 .Facility provides for loans in aggregate principal amount of up to $100 million at any time outstanding.  Full Article

Parexel International Corp files for non-timely 10-Q
Thursday, 10 Nov 2016 06:03pm EST 

Parexel International Corp : Parexel International Corp files for non-timely 10-Q - sec filing . Parexel International - identified potential errors related to timing of revenue recognition with regard to clinical research services business segment .Parexel International- anticipates correction of errors to have adverse impact on revenue of about $6.7 million and on eps of about $0.08 for quarter ended sept 30.  Full Article

Parexel International Q4 adjusted earnings per share $0.94
Wednesday, 3 Aug 2016 04:27pm EDT 

Parexel International Corp Sees Q1 Fy 2017 Revenue $520 : Q4 adjusted earnings per share $0.94 . Q4 earnings per share view $0.93 -- Thomson Reuters I/B/E/S . Parexel international reports fourth quarter and fiscal year 2016 results . Q4 gaap earnings per share $0.83 . Confirm previous revenue guidance and increase our adjusted diluted eps guidance for fiscal year 2017 . Parexel international corp says q4 gaap operating margin of 10.8%; q4 adjusted operating margin of 12.8% . Sees fy 2017 non-gaap eps $3.79-$4.05 . Sees q1 gaap eps $0.80-$0.88 . Sees q1 non-gaap eps $0.82-$0.90 . $530 million . Sees fy 2017 non-gaap eps $3.79-$4.05 . Backlog as of june 30, 2016 was $5.7 billion, an increase of $400 million year over year . Qtrly total revenue $627.8 million versus $605.2 million .Sees fy 2017 gaap eps $3.72-$3.98.  Full Article

PAREXEL International Corp gives Q3 2016 guidance; updates FY 2016 guidance
Wednesday, 27 Jan 2016 04:05pm EST 

PAREXEL International Corp:SEES Q3 FY 2016 REVENUE $517 MLN - $527 MILLION.SEES Q3 FY 2016 GAAP EPS $0.84 - $0.92.SEES Q3 FY 2016 NON-GAAP EPS $0.84 - $0.92.SEES FY 2016 REVENUE $2.085 BLN - $2.115 BLN.SEES FY 2016 GAAP EPS $2.97 - $3.15.SEES FY 2016 NON-GAAP EPS $3.40 - $3.58.  Full Article

PAREXEL International Corp announces execution of definitive agreement to acquire Health Advances
Tuesday, 19 Jan 2016 12:00pm EST 

PAREXEL International Corp:Announced that the Company has entered into a definitive agreement to acquire all outstanding equity securities of Health Advances, LLC.  Full Article

PAREXEL International Corp gives Q2 2016 guidance below analysts' estimates; lowers FY 2016 revenue guidance; raises FY 2016 EPS guidance
Wednesday, 28 Oct 2015 04:01pm EDT 

PAREXEL International Corp:Expects Q2 2016 Revenue of $518 - $528 million.Expects Q2 2016 GAAP EPS of $0.58 - $0.66.Expects Q2 2016 Non-GAAP EPS of $0.66 - $0.74.Expects FY 2016 Revenue of $2.120 - $2.160 billion.Expects FY 2016 GAAP EPS of $2.86 - $3.06.Expects FY 2016 Non-GAAP EPS of $3.19 - $3.39.Q2 2016 revenue of $534 million and EPS of $0.75 - Thomson Reuters I/B/E/S.FY 2016 revenue of $2.176 billion and EPS of $3.23 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Parexel International updates on share repurchase program

* Parexel International - on Feb 27, co entered into amendment to letter agreement regarding accelerated share repurchase program dated Nov 21, 2016