IQVIA Holdings Inc. (NYSE:IQV) Q2 2019 Earnings Conference Call - Final Transcript
Jul 24, 2019 • 09:00 am ET
Ladies and gentlemen, thank you for standing by and welcome to the IQVIA Second Quarter 2019 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded Wednesday, July 24, 2019.
I would now like to turn the conference over to Andrew Markwick, Senior Vice President, Investor Relations and Treasury. Please go ahead.
Thank you, Jennifer. Good morning, everyone. And thank you for joining our second quarter 2019 earnings call. With me today are Ari Bousbib, Chairman and Chief Executive Officer; Michael McDonnell, Executive Vice President and Chief Financial Officer; Eric Sherbet, Executive Vice President and General Counsel; Nick Childs, Senior Vice President, Financial Planning and Analysis; and Jen Halchak, Senior Director, Investor Relations. Today, we will be referencing a presentation that will be visible during this call for those of you on our webcast. This presentation will also be available following the call on our Events and Presentations section of the IQVIA Investor Relations website at ir.iqvia.com.
Before we begin, I would like to caution listeners that certain information discussed by management during this conference call will include forward-looking statements. Actual results could differ materially from those stated or implied by forward-looking statements due to risks and uncertainties associated with company's business which are discussed in the company's filings with the Securities and Exchange Commission, including our annual report on Form 10-K and subsequent SEC filings.
In addition, we will discuss certain non-GAAP financial measures on this call, which should be considered a supplement to and not a substitute for financial measures prepared in accordance with GAAP. A reconciliation of these non-GAAP measures to comparable GAAP measures is included in the press release and conference call presentation.
I would now like to turn the call over to our Chairman and CEO, Ari Bousbib.
Thank you, Andrew, and good morning, everyone. Thanks for joining us on our second quarter '19 earnings call. It was great to see you all at our Analyst and Investor Conference just last month. As you recall the objective of the event was to take stock of our progress since the merger which was almost 3 years ago and to lay out the path forward to 2022. We are all very proud of the unique company that has been created from this merger.
Turning to our Q2 earnings release, this quarter was largely a repeat of the first quarter with continued strong momentum and similar outstanding financial and operational performance. Once again, both revenue and earnings came in above our guidance ranges.
Second quarter revenue of $2.740 billion came in above our guidance range, resulting in constant currency revenue growth of 8.5%. From a segment perspective, Technology & Analytics Solutions revenue grew 11.4% at constant currency and organic growth was the same as last quarter, about 7%. This strong performance was again driven by solid double-digit growth in our real world and technology businesses.
R&D Solutions revenue grew 7.5% on constant currency. Excluding pass through, constant currency growth was 8.8% with acquisitions contributing about 150