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IQVIA 'Is A Solid Investment' With Strong Competitive Positioning, Analyst Says After Better Than Expected Q2 Earnings
IQVIA Holdings Inc (NASDAQ:IQV) reported a second adjusted EPS of $2.64, up from $2.43, beating the consensus of $2.57.
Provider of advanced analytics reported sales of $3.81 billion, beating the consensus of $3.79 billion.
Sales increased 2.3% on a reported basis and 3.5% at constant currency compared to the second quarter of 2023.
Technology & Analytics Solutions (TAS) revenue of $1.5 billion increased 2.7% on a reported basis and 3.8% at constant currency.
Research & Development Solutions (R&DS) revenue reached $2.15 billion, increasing 2.4% on a reported basis and 3.3% at constant currency.
Excluding the impact of pass-throughs, R&DS revenue grew 3.5% on a reported basis.
Contract Sales & Medical Solutions revenue of $172 million decreased 2.3% on a reported basis and increased 2.8% at constant currency.
As of June 30, 2024, R&DS contracted backlog, including reimbursed expenses, was ...