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MAXIMUS Reports First Quarter Results and Raises Fiscal 2018 Earnings Guidance as a Result of Tax Reform Benefits in the United States


MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, today reported financial results for the three months ended December 31, 2017.

Highlights for the first quarter of fiscal year 2018 include:

• Revenue of $623.1 million

• Diluted earnings per share of $0.89 compared to $0.71 for the same period last year

• Cash flows from operations of $37.9 million and free cash flow of $31.4 million

• Year-to-date signed contract awards of $1.2 billion and contracts pending (awarded but unsigned) of $236.0 million at December 31, 2017

• Sales pipeline of $3.2 billion at December 31, 2017

• Updated fiscal 2018 diluted earnings per share guidance to range between $3.30 and $3.50 due to the benefits from U.S. tax reform

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