IQVIA Holdings announced Wednesday that fourth-quarter financial results met or exceeded its targets for the end of 2017.

IQVIA, which provides data to the health care industry, was formed by the merger of IMS Health and Quntiles in October 2016. It changed its name from QuintilesIMS to IQVIA in the fall of 2017. It has headquarters in Danbury and Durham, N.C.

“We closed out the year with fourth-quarter financial results on or above our targets, driven by strong operational execution,” Ari Bousbib, chairman and CEO of IQVIA, said in a statement. “We are pleased with our progress during our first full year as a merged company and look forward to delivering another solid performance in 2018.”

Revenue for the fourth quarter of $2.16 billion increased 10.7 percent compared to the fourth quarter of 2016. Revenue from Commercial Solutions of $1.03 billion grew 10.6 percent.

For 2017, revenue of $8.06 billion increased 4.3 percent compared to a year earlier. Commercial Solutions revenue of $3.64 billion for the full year of 2017 increased 4.4 percent.

The IQVIA board authorized on Wednesday an increase of the post-merger share repurchase authorization by $1.5 billion to a total of $5 billion, with $1.7 billion authorization remaining.

In announcing the name change last fall, Bousbib said the name IQVIA “aligns with our vision to help stakeholders drive health care forward.”

IMS Health moved from Fairfield to Norwalk in 2006, and then to Lee Farm Corporate Park in Danbury in 2011. It has approximately 55,000 employees in more than 100 countries.

In January, IQVIA announced it was named to Fortune magazine’s “World’s Most Admired Companies” list.

cbosak@hearstmediact.com; 203-731-3338