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Richard Montoni: ACA, Medicaid Contracts Increase MAXIMUS’ FY 2014 Guidance

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Richard Montoni

MAXIMUS (NYSE: MMS) has announced financial results for the second quarter of the company’s 2014 fiscal year, ended March 31.

The Reston, Va.-based government services contractor reported a 35-percent increase in revenue to $439 million from the prior year period and increased its guidance estimates for fiscal 2014 revenue to between $1.68 billion and $1.73 billion.

Previous company estimates for fiscal 2014 revenue were of a range between $1.6 billion and $1.68 billion, the company said.

Richard Montoni, MAXIMUS CEO, attributed the quarter’s financial results and guidance increase to the company’s work for Affordable Care Act and Medicaid programs.

Montoni also announced the company will add sites for two of its workforce services contracts in Australia under the Australian Star Ratings program.

MAXIMUS also reported a 64-percent revenue increase from the prior year period to $324.1 million in the company’s health services segment.

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