IQVIA Q2 2021 Earnings Report
Key Takeaways
IQVIA reported strong second-quarter 2021 results, exceeding targets across key financial metrics. Revenue increased by 36.4% year-over-year, and the company raised its full-year 2021 financial guidance due to sustained market momentum.
Revenue for the second quarter was $3,438 million, a 36.4 percent increase year-over-year.
GAAP Net Income for the second quarter was $175 million, a significant increase from $(23) million in 2020.
Adjusted Diluted Earnings per Share for the second quarter was $2.13, up from $1.18 in 2020.
R&D Solutions contracted backlog grew 16.7 percent year-over-year to $23.9 billion.
IQVIA
IQVIA
IQVIA Revenue by Segment
Forward Guidance
For full-year 2021, the company is raising its guidance ranges for revenue, Adjusted EBITDA, and Adjusted Diluted EPS.
Positive Outlook
- Revenue is projected to be between $13,550 million and $13,700 million.
- Adjusted EBITDA is expected to be in the range of $2,950 million to $3,000 million.
- Adjusted Diluted EPS is anticipated to be between $8.70 and $8.90.
- Third quarter revenue is projected to be between $3,290 million and $3,365 million.
- Third quarter Adjusted EBITDA is expected to be in the range of $710 million to $730 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income