IQVIA Q1 2023 Earnings Report
Key Takeaways
IQVIA's first-quarter 2023 results showed revenue of $3,652 million, a GAAP net income of $289 million, and an adjusted EBITDA of $851 million. The company reaffirmed its full-year 2023 guidance.
Revenue for the first quarter was $3,652 million, representing a 2.4% increase on a reported basis.
GAAP Net Income for the first quarter was $289 million, with GAAP Diluted Earnings per Share at $1.53.
Adjusted EBITDA for the first quarter reached $851 million.
R&DS contracted backlog reached $27.9 billion, demonstrating a 10.1% year-over-year growth.
IQVIA
IQVIA
IQVIA Revenue by Segment
Forward Guidance
The company reaffirmed its full-year 2023 revenue guidance of $15,150 million to $15,400 million and Adjusted Diluted EPS guidance range of $10.26 to $10.56.
Revenue & Expenses
Visualization of income flow from segment revenue to net income