Revenue and Profit Growth
IQVIA's total revenue for the first quarter of 2025 exceeded expectations, growing 2.5% on a reported basis and 3.5% at constant currency. Adjusted EBITDA increased by 2.4%, and adjusted diluted EPS grew 6.3% year-over-year.
TAS Segment Outperformance
The Technology & Analytics Solutions (TAS) segment revenue grew 6.4% reported and 7.6% at constant currency, driven by double-digit growth in real-world evidence.
Strong Backlog and Pipeline
IQVIA's R&DS backlog reached a new record of $31.5 billion at the end of the quarter, growing 4.8% year-over-year, with a qualified pipeline up low-single-digits year-over-year.
AI Deployment Progress
IQVIA has progressed in deploying AI agents, with over 20 agents in production. The company plans to scale up to 40 use cases by the end of the year, seeing positive productivity gains.