MAXIMUS (MMS) Tops Q1 EPS by 8c, Trims FY Revenue Guidance

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MAXIMUS Reports First Quarter Results

February 9, 2017 6:30 AM EST

- Updates Full-Year Revenue Guidance and Maintains Earnings Guidance for Fiscal Year 2017 -

RESTON, Va.--(BUSINESS WIRE)-- MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months ended December 31, 2016.

Highlights for the first quarter of fiscal year 2017 include:

Revenue growth of 9% to $607.6 million compared to the same period last year Better-than-expected diluted earnings per share of $0.71 Strong cash flows from operations of $71.1 million and free cash flow of $63.4 million... More