Thu, Oct 31, 8:52 PM (62 days ago)
IQVIA Holdings Inc. (IQV) reported a revenue increase of 4.3% year-over-year for Q3 2024, totaling $3,896 million, driven primarily by growth in Technology & Analytics Solutions and Research & Development Solutions. Operating income rose to $550 million, reflecting improved profit margins. Net income was $285 million, down from $303 million in Q3 2023, with diluted earnings per share at $1.55. The company's cash flow from operations improved significantly, generating $1,831 million year-to-date, an increase of $429 million compared to the prior year. Cash and cash equivalents reached $1,572 million, bolstered by effective management of working capital. However, uncertainties persist, including potential impacts from global economic conditions and regulatory changes. The company continues to navigate restructuring efforts and anticipates ongoing adjustments to align resources with market demands. IQVIA's financial health remains robust, supported by solid revenue streams and strategic investments, with a focus on maintaining operational efficiency and enhancing shareholder value through its repurchase program.