PAREXEL International Corp. F4Q08 (Qtr End 06/30/08) Earnings Call Transcript

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2008-08-18 05:51:14.0

Tags: PAREXEL International Corp.

Question-and-Answer Session

Operator

Thank you. (Operator instructions) Our first question is from the line of Todd Van Fleet with First Analysis. Please go ahead.

Todd Van Fleet – First Analysis

Hi, good morning guys. Great quarter. I know you don't want to talk numbers on the ClinPhone deal, but I'm wondering if maybe you can talk conceptually about integration strategy, what's your plan is in terms of how hands-off you are going to be on the company moving forward, and like it's just kind of how integrated that company will become over the course of the next 12 months from the efforts surrounding that? Thanks.

Josef von Rickenbach

Hi, Todd. We are obviously still somewhat limited as to what we can say. But I think we can point out today that we would expect to integrate the company pretty fully into our Perceptive business. So, going forward, that would be basically an enlarged Perceptive business segment.

Todd Van Fleet – First Analysis

Okay, and so, I don't know, Joe, if you can help us understand a little bit more about, the business that you do with ClinPhone currently perhaps you know is part of the package deal related to your CRS offering. Can you help us understand how that might change moving forward given that all of the assets will be under the same roof? Can you help us understand maybe what you see as some of the more significant advantages of having those assets under the same roof?

Josef von Rickenbach

Well, as I said Todd, I can't really get into any of those kinds of details. I just want to say that overall we have a clear vision for this business. This is for – if you want the new Perceptive combined with ClinPhone business. And we're really excited about this acquisition. I think the more we have learned about the company, the more we like it and I think the initial contact that we have had with the management were very encouraging. And you know when we – as soon as we are able to, we will obviously disclose and share as much information as you desire.

Todd Van Fleet – First Analysis

Let me as Jim one then. Jim, on the outlook for Q1 and maybe just the rest of 2009, are there any significant items that should be drawn out below the operating line that we should consider when putting together our models for next year.

 

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