Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 3.81B | 6.8% |
| Gross Profit | 863M | 4.4% |
| Cost of Revenue | 3.03B | 2% |
| Operating expense | 537M | 2.7% |
| Net Income | 363M | 26% |
| EBITDA | 817M | 3.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 26.4B | 0.7% |
| Total Liabilities | 19.7B | 2.7% |
| Total Equity | 6.71B | 5.8% |
| Shares Outstanding | 182M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 588M | 12.6% |
| Cash from investing | -221M | 29.6% |
| Cash from financing | -260M | 145.3% |
EPS
Financial Highlights for IQVIA in Q2 '24
IQVIA reported a revenue of 3.81B, which is a 6.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 863M, marking a 4.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.03B, a 2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 537M, showing a 2.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 363M, showing a 26% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 817M, showing a 3.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for IQVIA with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
