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MAXIMUS Sees Positives in New Report

MAXIMUS (NYSE: MMS) reported revenue for the fiscal 2011 second quarter was up 11 percent to $227.1 million compared to $204.4 million reported for the same period last year.

“We generated very strong results for the period and made measurable progress on several key initiatives, including the expansion of our global operations and the growth of our domestic health care business, ” CEO Richard A. Montoni. “In April, we were notified of award for three new welfare-to-work contracts in the United Kingdom. These awards offer attractive economics that we can build upon to grow our presence in the U.K. and, longer-term, into other geographies. On the domestic front, we are benefiting from increased demand as states transition Medicaid and CHIP program participants into more cost-effective managed care programs and seek to comply with regulations as part of federal health care reform.”

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