Sector: Healthcare|Industry: Diagnostics & Research|Market Cap: $34.66B|Employees: 87K
IQVIA is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. They create intelligent connections across all aspects of healthcare, enabling customers to accelerate the development and commercialization of innovative medical treatments. With a presence in over 100 countries and a staff of approximately 87,000 employees, IQVIA holds a strong market position in the healthcare industry.
IQVIA reported revenues of $3.737 billion, a 2.3% increase compared to $3.652 billion in the same quarter last year. This growth is primarily attributed to increases in Technology & Analytics, Research & Development, and Contract Sales & Medical Solutions.
Net income decreased slightly to $288 million, compared to $289 million in the same quarter of the previous year. This indicates a slight contraction in profitability despite revenue growth.
Net cash provided by operating activities increased to $522 million, compared to $417 million in the same quarter last year. This increase suggests improved efficiency in managing working capital and generating cash from operations.