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Maximus Reports 12% Revenue Jump for 3Q; Richard Montoni Comments

Richard Montoni

Maximus (NYSE: MMS) has announced financial results for the third quarter of its 2012 fiscal year ended June 30, 2012.

The company reported a 12 percent year-over-year increase in revenue, going from $238.3 million to $266.4 million.

CEO Richard Montoni said the company has sales pipeline of $3.4 billion and is waiting for awards on close to $1.7 billion in proposals.

Maximus also gained global workforce services contracts in Australia and Saudi Arabia during the recent quarter, he added.

According to the company, its health services segment helped drive the increase in overall revenue as the segment’s revenue went up 20 percent year-over-year, going from $141.8 million to $170.4 million.

That increase also includes revenue from the acquisition of PSI, which closed April 30.

The company released its fiscal 2011 results in November and reported $929.6 million in revenue, representing a 12 percent increase from fiscal 2010.

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