MAXIMUS Q1 FY2017 Earnings Results

MAXIMUS delivered solid first-quarter FY2017 results with 9% revenue growth to $607.6M, driven primarily by organic growth across Health, U.S. Federal, and Human Services segments. Diluted EPS grew 78% to $0.71 GAAP, benefiting from strong portfolio performance and lower-than-expected restructuring costs. The company updated FY2017 revenue guidance to $2.425B–$2.475B due to a canceled subcontract in the U.S. Federal Services segment.