$IQVIA Holdings (IQV.US)$Revenue has maintained growth over ...
$IQVIA Holdings (IQV.US)$Revenue has maintained growth over the past 5 years, with an average growth rate of 8.2%. Operating profit declined by 8.1% in 2020 due to rapid cost growth, but remained growth in the other 4 years, with a 5-year average growth rate of 19%. Net income was greatly affected by income taxes, with a two-fold increase in pre-tax profits in 2021 and a 21% increase in 2022.
Q1 2023 revenue increased by 2.4%, operating profit declined by 2.8%, and net income declined by 11%. The high growth rate seems to be stopping.
The current P/E ratio is 38.9, and the TTM P/E ratio has increased slightly to 39.9. Considering the recent decline in the growth rate, it may be advisable to observe for several more quarters.
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