IQVIA(IQV) - 2023 Q3 - Earnings Call Transcript

Operator Ari Bousbib You saw in the quarter, again, $2.3 billion of services fee revenue, excluding pass-through bookings resulting in a book-to-bill of 1.4x, again, a historic high in our bookings. That included some FSP wins, again, not anything that would move the needle dramatically. But on a large number like this, you can see that we have less passthroughs, that will materialize in our margin mix in the next couple of years, not next quarter, obviously, and we fully intend to offset that with our cost ...