Report
Damien Conover
EUR 147.86 For Business Accounts Only

Parexel's 4Q Results Highlight Strengthening Profitability

Parexel International reported solid fourth-quarter results that were mostly in line with our expectations, with revenue up 3% over last year to $538.6 million and a strong book/bill ratio of 1.20. Operating margins were up an impressive 4.8%, thanks to an improved service mix and ongoing operational improvement efforts. In light of these results, we maintain our $62 fair value estimate and narrow moat rating.
Revenue growth for the quarter continued to be driven by Parexel’s smaller, higher-mar...
Underlying
PAREXEL International Corporation

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Damien Conover

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