IQVIA Holdings Inc. reported a revenue increase of 2.8% for the fiscal year ending December 31, 2024, totaling $15.4 billion, compared to $15.0 billion in 2023. The company's income from operations rose to $2.2 billion, reflecting a growth of 11.4% from the previous year. Net income for 2024 was $1.37 billion, or $7.57 per share, up from $1.36 billion, or $7.39 per share, in 2023. The increase in revenue was driven by growth across its segments, particularly in Technology & Analytics Solutions, which saw a revenue increase of $298 million, and Research & Development Solutions, which added $132 million.
In terms of operational metrics, IQVIA's total remaining performance obligations reached a record high of approximately $33.5 billion as of December 31, 2024. The company also maintained a strong liquidity position, with cash and cash equivalents amounting to $1.7 billion. The employee headcount remained stable at around 88,000, with the company continuing to focus on enhancing its workforce capabilities through various training and development initiatives.
Strategically, IQVIA has been active in pursuing acquisitions to bolster its service offerings, completing several immaterial acquisitions in 2024. The company has also continued to invest in its technology and analytics capabilities, which are critical to its growth strategy. The filing noted that while there were challenges in the Research & Development Solutions segment, particularly in the latter half of 2024, these were viewed as short-term issues.
Looking ahead, IQVIA anticipates continued growth driven by increasing demand for its services in the life sciences and healthcare sectors. The company is focused on leveraging its extensive data assets and advanced analytics capabilities to enhance client offerings. However, it also acknowledged potential risks, including market conditions and the ongoing integration of acquired businesses, which could impact future performance. The company remains committed to maintaining compliance with financial covenants under its debt agreements, ensuring operational flexibility as it navigates the evolving healthcare landscape.
About IQVIA HOLDINGS INC.
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