IMS Health Swings To Q2 Profit, Backs 2015 Growth Outlook - Quick Facts

(RTTNews) - IMS Health (IMS), a provider of information and technology services to the healthcare and life sciences industries, reported second-quarter net income of $47 million or $0.14 per share, compared to a net loss of $220 million or $0.67 per share in the prior-year quarter.

Excluded items, adjusted net income for the quarter was $125 million or $0.37 per share, compared to $134 million or $0.39 per share in the year-ago quarter. Adjusted net income was up 3.9 percent at constant currency.

On average, 16 analysts polled by Thomson Reuters expected earnings of $0.31 per share for the quarter. Analysts' estimates exclude special items.

Revenue for the quarter increased 12.0 percent to $742 million from $662 million in the same quarter last year. Revenues increased 24.6 percent on a constant currency basis. Analysts expected revenues of $734.94 million.

Excluding the impact of the Cegedim Acquisition, revenue was down 4.6 percent, but up 5.2 percent on a constant currency basis.

Looking ahead to fiscal 2015, the company continues to expect core constant currency growth of 5 to 6 percent in revenue, and 11 to 14 percent in adjusted earnings per share. Street is currently looking for full-year-2015 earnings of $1.46 per share and annual revenue growth of 10.2 percent to $2.91 billion.