Healthcare
Diagnostics & Research
$34.66B
87K
Key insights and themes extracted from this filing
IQVIA reported revenue of $3.814B in Q2 2024, a 2.3% increase from $3.728B in Q2 2023. Similarly, revenue for the first six months of 2024 was $7.551B, a 2.3% increase from $7.380B in the same period in 2023, indicating consistent but not rapid growth.
Cost of revenues, exclusive of depreciation and amortization, was 65.2% of revenues in Q2 2024, compared to 65.5% in Q2 2023. This indicates slight pressure on profitability despite revenue growth.
Net income was $363 million in Q2 2024, up from $297 million in Q2 2023, indicating improved profitability despite slight gross margin pressure. This is driven by a combination of revenue growth, cost management, and other income.