Iqvia reports Q1 EPS $2.54, consensus $2.48

Reports Q1 revenue $3.74B, consensus $3.7B. “The IQVIA team executed well in the first quarter, including strong bookings and robust free cash flow generation,” stated Ari Bousbib, chairman and CEO of IQVIA. “The TAS segment revenue grew as expected in the quarter, and we continue to anticipate gradual improvement later in the year. The R&DS segment continued to see strong demand in the quarter, with healthy RFP growth. We anticipate R&DS will grow consistent with our prior expectations, bolstered by strong bookings and our industry leading backlog of over $30 billion.”