The figure represents an 11.7 percent increase compared to the same period last year, which saw $1.21 billion in revenue, Maximus said Wednesday.
Organic growth for the period was at 12.6 percent, which the company attributed to expanded U.S. federal services segment programs and expanded and resumed U.S. services segment programs.
The company’s U.S. federal services segment generated $701.7 million in revenue for the period — a 20.1 percent year-over-year increase — while its U.S. services segment generated $486.1 million in revenue — an 8.1 percent year-over-year increase.
In light of this positive performance, Maximus has raised its FY2024 guidance, a move “that reflects our confidence in the earnings power of the business,” according to company President and CEO and past Wash100 winner Bruce Caswell.
Changes to prior guidance includes $75 million increase in revenue for the fiscal year, which is now expected to range between $5.15 billion and $5.25 billion.
“We are focused on driving future growth through continued, excellent operational execution coupled with innovative technology solutions to drive long-term shareholder value,” Caswell commented.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
