Maximus Reports Double-Digit Revenue, Profit Upticks For FY 2014

Nov. 13, 2014 - PRLog -- Executive Mosaic, Tysons Corner, VA November 13, 2014 – MAXIMUS  announced positive financial results (http://www.govconwire.com/2014/11/maximus-reports-28-revenue-hike-for-fy-2014-24-profit-increase-richard-montoni-comments/) for the fourth quarter and full fiscal year 2014, which ended on September 30,2014.

Fourth quarter revenue grew 13 percent year-over-year to $435.4 million and fiscal year 2014 revenue grew 28 percent to $1.7 billion from 2013 figures.

“Year-to-date signed awards reached a record $2.0 billion and contributed to a healthy backlog of $3.8 billion,” said Richard Montoni, MAXIMUS CEO.

MAXIMUS also reported strong revenue performance for the health services segment, which saw its fourth quarter revenue grow 19 percent to $321.7 million over the same period last year.

Full fiscal year 2014 revenue grew 45 percent to $1.25 billion from 2013.

MAXIMUS’ fiscal year 2015 guidance says the company expects revenue to range between $1.9 and $2.0 billion.

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