IQVIA Q2 2020 Earnings Report
Key Takeaways
IQVIA reported second-quarter revenue of $2,521 million and adjusted EBITDA of $483 million. The company's R&D Solutions backlog grew 13.5% year-over-year to $20.5 billion. Due to better than expected performance, the company raised its full-year 2020 guidance for revenue, adjusted EBITDA and adjusted diluted earnings per share.
Second quarter revenue was $2,521 million and Adjusted EBITDA was $483 million.
GAAP Diluted Earnings per Share was $(0.12) and Adjusted Diluted Earnings per Share was $1.18.
R&D Solutions quarterly net book-to-bill ratio was 1.64x including pass throughs and 1.60x excluding pass throughs.
R&D Solutions contracted backlog including pass throughs grew 13.5 percent year-over-year to $20.5 billion.
IQVIA
IQVIA
IQVIA Revenue by Segment
Forward Guidance
The company expects revenue to be between $2,725 million and $2,775 million, Adjusted EBITDA to be between $564 million and $582 million, and Adjusted Diluted Earnings Per Share to be between $1.47 and $1.55 for the third quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income