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Sep 30, 2023
IQVIA Q3 2023 Earnings Report
IQVIA's Q3 2023 performance was driven by revenue growth and strong performance in the R&DS segment.
Key Takeaways
IQVIA reported a 4.9% year-over-year revenue increase in Q3 2023, reaching $3,736 million. Net income grew by 7.1% to $303 million, and adjusted EBITDA increased by 9.1% to $888 million. The R&DS segment demonstrated notable strength, with a book-to-bill ratio of 1.24x and backlog growth of 12%.
IQVIA's Q3 2023 revenue reached $3,736 million, representing a 4.9% year-over-year increase.
GAAP net income for Q3 2023 was reported as $303 million, a 7.1% increase compared to the previous year.
The R&D Solutions segment showed strong performance with a book-to-bill ratio of 1.24x and backlog growth of 12%.
Adjusted EBITDA for the quarter grew by 9.1% year-over-year, amounting to $888 million.
Revenue by Segment
Forward Guidance
The company updated its full-year guidance to reflect slower growth in our TAS segment and the impact of the strengthening US dollar.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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