IQVIA Holdings (IQV) Revenue — Quarter Ended Mar 31, 2023
Revenue in the March quarter was higher than a year earlier, extending a multi-quarter upward trend. On a sequential basis, revenue declined slightly from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue in the March quarter was higher than a year earlier, extending a multi-quarter upward trend. On a sequential basis, revenue declined slightly from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.3%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.5B | +3.0% |
| Sep 30, 2022 | $3.6B | +5.0% |
| Dec 31, 2022 | $3.7B | +2.8% |
| Mar 31, 2023 | $3.7B | +2.4% |
Revenue performance
Revenue for the quarter increased compared with the same period one year ago, marking continued year-over-year growth. The sequential decline from the prior quarter interrupted the pattern of consecutive quarterly gains seen in the prior three quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased from the December quarter level. Revenue improved relative to the same quarter one year earlier, consistent with the year-over-year growth trend reported for the past several quarters.
What to watch
Monitor whether the sequential decline is a temporary adjustment or a sign of a change in the revenue trajectory.