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Mar 31, 2022
IQVIA Q1 2022 Earnings Report
IQVIA's first-quarter performance was strong, marked by revenue growth, substantial net income increase, and record R&D Solutions services bookings.
Key Takeaways
IQVIA reported a strong first quarter with revenue increasing by 4.7 percent year-over-year to $3,568 million. GAAP Net Income grew by 53.3 percent year-over-year to $325 million, and Adjusted EBITDA increased by 9.1 percent year-over-year to $812 million. The company also achieved record R&D Solutions services bookings and backlog.
Revenue increased by 4.7 percent year-over-year to $3,568 million.
GAAP Net Income grew by 53.3 percent year-over-year to $325 million.
Adjusted EBITDA increased by 9.1 percent year-over-year to $812 million.
R&D Solutions contracted backlog grew 9.1 percent year-over-year to $25.3 billion.
IQVIA
IQVIA
IQVIA Revenue by Segment
Revenue by Segment
Tech & Analytics Sol. Revenue
CapyFin.comR&D Solutions Revenue
CapyFin.comSales & Med Solutions Revenue
CapyFin.com Forward Guidance
For the second quarter of 2022, the company expects revenue to be between $3,470 million and $3,520 million, Adjusted EBITDA to be between $790 million and $805 million, and Adjusted Diluted Earnings per Share to be between $2.35 and $2.42.
Positive Outlook
- Revenue expected to be between $3,470 million and $3,520 million.
- Adjusted EBITDA expected to be between $790 million and $805 million.
- Adjusted Diluted Earnings per Share expected to be between $2.35 and $2.42.
- Underlying organic revenue growth excluding COVID-related work of low-to-mid teens at constant currency.
- All financial guidance assumes foreign currency exchange rates as of April 26, 2022, remain in effect for the forecast period.
Challenges Ahead
- Revenue growth of 0.9 to 2.4 percent on a reported basis.
- Revenue growth of 4.5 to 6.0 percent at constant currency.
- Impact of the strengthening of the US dollar.
- Some disruption from the Ukraine/Russia crisis.
- Company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income