Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>IQVIA's business fundamentals remain strong, achieving a 5% revenue growth rate and 8.6% growth in adjusted diluted earnings per share in the second quarter of 2024.</li><li>The company's revenue and earnings growth were driven by robust performances across their business segments, such as Technology & Analytics Solutions (TAS) and the Clinical segment.</li><li>In the TAS segment, IQVIA reported growth of about 3% in the first quarter and 4% in the second quarter, excluding COVID-19 and foreign exchange impacts.</li></ul>

IQVIA's business fundamentals remain strong, achieving a 5% revenue growth rate and 8.6% growth in adjusted diluted earnings per share in the second quarter of 2024.The company's revenue and earnings growth were driven by robust performances across their business segments, such as Technology & Analytics Solutions (TAS) and the Clinical segment.In the TAS segment, IQVIA reported growth of about 3% in the first quarter and 4% in the second quarter, excluding COVID-19 and foreign exchange impacts.

IQVIA Holdings: Increased confidence in Technology & Analytical Services (TAS) & Other Major Drivers

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>Back in 2016, IMS Health and Quintiles went through a merger of equals to form “QuintilesIMS” which was later renamed to be “IQVIA” in 2017.</li><li>"I" and “Q” stand for IMS Health and Quintiles respectively and "VIA" means "by way of”.</li><li>Since IMS and Quintiles both used to be separate public companies, let me discuss these two businesses separately at first before getting into the details of their post-merger status.</li></ul>

Back in 2016, IMS Health and Quintiles went through a merger of equals to form “QuintilesIMS” which was later renamed to be “IQVIA” in 2017."I" and “Q” stand for IMS Health and Quintiles respectively and "VIA" means "by way of”.Since IMS and Quintiles both used to be separate public companies, let me discuss these two businesses separately at first before getting into the details of their post-merger status.

<ul><li>On the positive side, the company delivered top and bottom-line numbers either on or slightly above the expectations.</li><li>The favorable demand for the industry continued to surge as IQVIA's revenue grew by 6%.</li><li>The clinical side of the business, in particular, saw solid demands from R&DS clients, which boosted their backlog to a new record, growing almost 8% compared to the prior year.</li></ul>

On the positive side, the company delivered top and bottom-line numbers either on or slightly above the expectations.The favorable demand for the industry continued to surge as IQVIA's revenue grew by 6%.The clinical side of the business, in particular, saw solid demands from R&DS clients, which boosted their backlog to a new record, growing almost 8% compared to the prior year.

IQVIA Holdings Inc.: Clinical Trials and AI Enablement As A Major Growth Catalyst! - Major Drivers

<ul><li>IQVIA displayed a strong performance in the fourth quarter of 2023.</li><li>CEO Ari Bousbib highlighted that net new bookings for the quarter exceeded $2.8 billion, marking the second largest quarter in the company's history.</li><li>The business booked $10.7 billion of net new business in the year, including record-high service bookings of $8.4 billion.</li></ul>

IQVIA displayed a strong performance in the fourth quarter of 2023.CEO Ari Bousbib highlighted that net new bookings for the quarter exceeded $2.8 billion, marking the second largest quarter in the company's history.The business booked $10.7 billion of net new business in the year, including record-high service bookings of $8.4 billion.

IQVIA Holdings:  Industry Tailwinds: Rising EBP Funding and Traction in Oncology Space! - Major Drivers

<ul><li>IQVIA Holdings Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.</li><li>Despite its continuous expansion, revenue failed to meet IQVIA's expectations in the TAS business.</li><li>Approximately half of the revenue shortfall stemmed from foreign exchange challenges, while the remaining half resulted from persistent demand weakness in the TAS segment.</li></ul>

IQVIA Holdings Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.Despite its continuous expansion, revenue failed to meet IQVIA's expectations in the TAS business.Approximately half of the revenue shortfall stemmed from foreign exchange challenges, while the remaining half resulted from persistent demand weakness in the TAS segment.

IQVIA Holdings Inc.: Strategic Collaboration With argenx & Other Major Developments

United States

IQVIA Holdings Inc. focuses on technology solutions and contract research services. The Company offers a broad range of solutions which includes clinical development strategies, therapeutic expertise, predictive and prescriptive analytics, and patient retention services. IQVIA Holdings serves consumer health, biopharma, and medical technology industries globally.

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Iqvia Holdings (IQV US)

IQVIA Holdings: Increased confidence in Technology & Analytical Services (TAS) & Other Major Drivers

IQVIA's business fundamentals remain strong, achieving a 5% revenue growth rate and 8.6% growth in adjusted diluted earnings per share in the...

Baptista Research

IQVIA Deep Dive

Back in 2016, IMS Health and Quintiles went through a merger of equals to form “QuintilesIMS” which was later renamed to be “IQVIA” in 2017.

MBI Deep Dives

IQVIA Holdings Inc.: Clinical Trials and AI Enablement As A Major Growth Catalyst! - Major Drivers

On the positive side, the company delivered top and bottom-line numbers either on or slightly above the expectations. The favorable demand for the...

Baptista Research

IQVIA Holdings: Industry Tailwinds: Rising EBP Funding and Traction in Oncology Space! - Major Drivers

IQVIA displayed a strong performance in the fourth quarter of 2023. CEO Ari Bousbib highlighted that net new bookings for the quarter exceeded...

Baptista Research

IQVIA Holdings Inc.: Strategic Collaboration With argenx & Other Major Developments

IQVIA Holdings Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst...

Baptista Research

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