IQVIA Q2 2022 Earnings Report
Key Takeaways
IQVIA's second-quarter 2022 results showed revenue of $3,541 million, a 3.0 percent increase year-over-year, and GAAP net income of $256 million, up 46.3 percent year-over-year. Adjusted diluted earnings per share grew by 14.6 percent to $2.44, and R&D Solutions continued its strong bookings momentum with over $2.6 billion in net new business.
Revenue reached $3,541 million, representing a 3.0% year-over-year increase on a reported basis and 7.1% at constant currency.
GAAP Net Income increased by 46.3% year-over-year, reaching $256 million.
Adjusted EBITDA grew by 10.8% year-over-year, totaling $800 million.
R&D Solutions maintained strong bookings with over $2.6 billion and a contracted backlog of $25.6 billion, a 7.1% increase year-over-year.
IQVIA
IQVIA
IQVIA Revenue by Segment
Forward Guidance
For the third quarter of 2022, IQVIA anticipates revenue between $3,515 million and $3,565 million, representing growth of 8.4 to 9.8 percent at constant currency and 3.7 to 5.1 percent on a reported basis. Adjusted EBITDA is expected to be between $805 million and $820 million, and Adjusted Diluted Earnings per Share to be between $2.34 and $2.42.
Revenue & Expenses
Visualization of income flow from segment revenue to net income