Backlog And Segment PerformanceTAS remains sluggish with 3 of 4 segments flattish to down in 1Q24, while Tech continued to grow.
Financial PerformanceIQVIA's absolute growth in revenue, EBITDA, and EPS remained sluggish while the company talked down 2Q expectations.
Revenue GuidancePoor performance at several public data/tech names, coupled with various macro concerns, have investors on edge about the Q4 ramp required to meet higher end of 2.4%-5.8% 2024 TAS revenue guidance.