IQVIA Holdings Inc

Latest Results (20.08.2024):

Revenue Growth

IQVIA Holdings Inc. reported revenue of $3,814 million for the second quarter of 2024, marking a 2.3 percent increase on a reported basis and a 3.5 percent increase at constant currency compared to the same quarter in 2023. This growth was driven by strong performance in the Technology & Analytics Solutions (TAS) and Research & Development Solutions (R&DS) segments.

Net Income and Earnings

For the second quarter of 2024, IQVIA Holdings Inc. achieved a GAAP Net Income of $363 million, translating to a GAAP Diluted Earnings per Share of $1.97. On an adjusted basis, the company reported an Adjusted Net Income of $487 million and an Adjusted Diluted Earnings per Share of $2.64.

Segment Performance

IQVIA Holdings Inc.'s R&DS segment reported revenue of $2,147 million for the second quarter of 2024, reflecting a 2.4 percent increase on a reported basis and a 3.3 percent increase at constant currency. The TAS segment also showed robust growth with revenue of $1,495 million, up 2.7 percent on a reported basis and 3.8 percent at constant currency.

Contracted Backlog

As of June 30, 2024, IQVIA Holdings Inc.'s R&DS contracted backlog, including reimbursed expenses, stood at $30.6 billion, representing a 7.7 percent increase year-over-year and an 8.1 percent increase at constant currency. The company expects approximately $7.8 billion of this backlog to convert to revenue within the next twelve months.

Full-Year 2024 Guidance

IQVIA Holdings Inc. updated its full-year 2024 guidance, projecting revenue to be between $15,425 million and $15,525 million. The company also expects Adjusted EBITDA to range from $3,705 million to $3,765 million, and Adjusted Diluted Earnings per Share to be between $11.10 and $11.30.