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Quintiles Q1 revenues up 73%; updates guidance

  • Quintiles IMS Holdings (Q -2.8%) Q1 results: Revenues: $1,911M (+72.5%); Operating Income: $168M (-6.1%); Net Income: $74M (-30.8%); EPS: $0.31 (-64.8%); Non-GAAP EPS: $1.01; Quick Assets: $862M (-28.0%); CF Ops: $56M (-50.0%).
  • 2017 Guidance: Revenues: $8,000 - 8,100M; Non-GAAP EPS: $4.45 - 4.60; Adjusted EBITDA: $2,000M - 2,100.
  • Q2 Guidance: Revenues: $1,930M - 1,970M; Non-GAAP EPS: $1.02 - 1.07; Adjusted EBITDA: $470M - 490M.

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