IQVIA Holdings Inc (BSP:I1QV34)
R$ 300.4 0 (0%) Market Cap: 218.09 Bil Enterprise Value: 287.53 Bil PE Ratio: 27.58 PB Ratio: 5.48 GF Score: 84/100
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Q3 2024 IQVIA Holdings Inc Earnings Call Transcript

Oct 31, 2024 / 01:00PM GMT
Release Date Price: R$300.4 (+0.33%)

Key Points

Positve
  • IQVIA Holdings Inc (IQV) reported third-quarter revenue above the high end of their guidance range, with a 6.5% growth excluding foreign exchange and COVID-related work.
  • The company achieved a 14% growth in adjusted diluted EPS, demonstrating strong financial performance.
  • IQVIA Holdings Inc (IQV) successfully renewed all large pharma strategic partnerships and expanded the scope in over half a dozen partnerships.
  • The company's backlog reached a new record of $31.1 billion, representing an 8% growth compared to the prior year.
  • IQVIA Holdings Inc (IQV) launched the IQVIA AI assistant, a new generative AI tool designed to provide life science customers with quick and powerful insights.
Negative
  • The clinical market environment remains choppy, with aggressive competitive pricing and tougher negotiations.
  • IQVIA Holdings Inc (IQV) faced a substantial cancellation due to drug futility, impacting quarterly net new business by approximately $350 million.
  • Two mega studies were delayed due to client-related logistics issues, affecting short-term guidance.
  • The company is experiencing pricing pressure across the board, particularly in the Functional Service Provider (FSP) segment.
  • IQVIA Holdings Inc (IQV) updated its full-year guidance due to the delay in two fast-burning mega trials, impacting revenue expectations.
Operator

Ladies and gentlemen, thank you for standing by. At this time, I would like to welcome everyone to the IQVIA third-quarter 2024 earnings conference call. (Operator Instructions) As a reminder, this call is being recorded. Thank you. I would like to turn the call over to Kerri Joseph, Senior Vice President, Investor Relations and Treasury. Mr. Joseph, please begin your conference.

Kerri Joseph
IQVIA Holdings Inc - Senior Vice President, Investor Relations and Treasury

Thank you, operator. Good morning, everyone. Thank you for joining our third-quarter 2024 earnings call. With me today are Ari Bousbib, Chairman and Chief Executive Officer; Ron Bruehlman, Executive Vice President and Chief Financial Officer; Eric Sherbet, Executive Vice President and Genuine Counsel; Mike Fedock, Senior Vice President, Financial Planning and Analysis; and Gustavo Perrone, Senior Director, Investor Relations.

Today, we will be referencing a presentation that will be visible during this call for those of you on our webcast. This presentation will also be available

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