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MAXIMUS FY2011 Contract Wins Up 134%, Revenue 12%

MAXIMUS (NYSE: MMS) has released its financial results for its fourth quarter and fiscal year ended Sept. 30, 2011.

The company reported $1.6 billion in year-to-date signed contract wins for fiscal 2011, compared to $685 million for fiscal 2010, a 134 percent increase.

The company reported $250.1 million in revenue for the fourth quarter, an 18 percent increase from the same period in the previous year. The company reported $929.6 million in revenue for the full fiscal year, a 12 percent increase from last year.

In the company’s financial release, MAXIMUS CEO Richard Montoni reported the company won 98 percent of total contract value up for rebid.

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