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.
Q3 2024 revenue reached $3.9B, up 4.3% YoY, with Technology & Analytics Solutions driving the majority of the growth, increasing $123M YoY. Constant currency revenue growth was 4.2%.
Gross margin decreased from 64.9% to 64.6% YoY. Cost of revenues increased by $92M, driven by higher compensation and data acquisition costs.
Net income decreased from $303M to $285M YoY, despite revenue growth. This was driven by increased expenses and other income fluctuations.