Mon, Jul 22, 8:27 PM (47 days ago)
IQVIA Holdings Inc. reported a revenue increase of 2.3% to $3.814 billion for Q2 2024, driven by constant currency growth across its segments. Net income rose to $363 million, with EPS improving to $1.97. Revenue growth was led by the Research & Development Solutions segment, which saw a 2.4% increase. Cost of revenues rose slightly to 65.2% of sales, while SG&A expenses increased to 13.3% of sales. Depreciation and amortization costs also rose. The effective tax rate dropped to 17.2%, benefiting from geographic earnings mix and tax benefits from share-based compensation. The company maintains strong liquidity with $1.545 billion in cash and $1.995 billion available under its revolving credit facility. No shares were repurchased under the equity repurchase program during the quarter.