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Thursday, 2 November 2023

Earnings Summary: A snapshot of IQVIA Holdings’ Q3 2023 results

by Rose White

IQVIA Holdings Inc. (NYSE: IQV), a global provider of advanced analytics solutions and clinical research services to the life sciences industry, reported financial results for the third quarter of 2023.

Earnings Summary: A snapshot of IQVIA Holdings’ Q3 2023 results

  • Revenues came in at $3.74 billion in the September quarter, which is up 4.9% from the prior-year quarter
  • Third-quarter net Income, on a reported basis, increased 7.1% annually to $303 million; EPS rose 9.4% to $1.63
  • Adjusted earnings per share, excluding special items, edged up 0.4% year-over-year to $2.49 per share
  • Adjusted EBITDA was $888 million during the three-month period, up 9.1% year-over-year
  • R&D Solutions quarterly bookings were $2.6 billion in Q3, representing a book-to-bill ratio of 1.24x
  • There was an R&D solution contracted backlog of $28.8 billion, which is up 12% year-over-year

The post Earnings Summary: A snapshot of IQVIA Holdings’ Q3 2023 results first appeared on AlphaStreet.

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