NEWS1 May 2014

IMS gives strong showing in first quarterly report since IPO

Financials News North America

US — Healthcare data firm IMS Health has reported a 5.2% increase in first-quarter revenue to $645m – its first results announcement since going public last month.

The company said that its revenue performance was driven by an 11.9% increase in technology services. Information offerings revenue grew 1%.

Adjusted earnings before interest, tax and other items increased 7.2% to $217m, however the firm made a net loss of $24m for the quarter.

CEO Ari Bousbib (pictured) said: “In our final quarter before going public, we continued to deliver double-digit revenue growth in technology services and in emerging markets. We also continued to expand our margins by executing on our ongoing operational excellence program, even as we accelerated our investments in new capabilities.”