PAREXEL Reports First Quarter Fiscal Year 2017 Results And Announces New Share Repurchase Program
BOSTON--(BUSINESS WIRE)--PAREXEL International Corporation (NASDAQ: PRXL) today reported financial results for the first quarter of Fiscal Year 2017, which ended on September 30, 2016.
“PAREXEL’s performance in the first quarter fell short of our expectations,” said Josef H. von Rickenbach, Chairman and Chief Executive Officer. “Revenue in the quarter was impacted by higher than expected cancellations, project delays, and continued slow backlog conversion.
“PAREXEL’s performance in the first quarter fell short of our expectations,” said Josef H. von Rickenbach, Chairman and Chief Executive Officer. “Revenue in the quarter was impacted by higher than expected cancellations, project delays, and continued slow backlog conversion.