Exhibit 99.2

Confidential 2 Q1 FY07 Financial Results ($ in millions except EPS) Income (Loss) Revenue Before Taxes EPS Base without Ontario Contract 165.2 $ 14.8 $ 0.44 $ Ontario Contract (3.6) (4.0) (0.12) Subtotal Base Operations 161.6 10.80 0.32 Texas Projects TX Operations 11.6 (11.9) (0.35) AR Provisions (12.1) (12.1) (0.36) Legal Provisions - (3.0) (0.09) Subtotal Texas Project (0.5) (27.0) (0.80) Total Company 161.1 $ (16.2) $ (0.48) $

Confidential 3 Consulting Segment • Revenue was $24.7 million for the quarter; up 4.3% • Operating income totaled $2.8 million for the quarter; an operating income margin of 11.4% • Continues to meet expectations; can fluctuate as a result of timing associated with completion of work and customer required actions or work acceptance - Currently expect Q2 operating income to be softer with a return to relatively higher margins for the second half of FY07

Confidential 4 Systems Segment • Revenue in Q1 totaled $34.5 million; lower compared to Q1 FY06 • Operating loss in Q1 of $1.6 million; related to weakness in the Educational Systems division • Large software licensing contracts take longer to negotiate and implement and generally require license revenue to be recorded ratably • 2007 will be a transition year for Systems

Confidential 5 Operations Segment • Revenue totaled $101.9 million for Q1 and was reduced by $16.0 million as a result of the Texas and Ontario provisions • Lost $16.0 million in Q1 - $11.9 million pre-tax operating loss in Texas - $12.1 million provision in Texas for outstanding receivables - $ 4.0 million loss provision for the Ontario project • Normalized operating margin - Excluding Texas 7.7% - Excluding Texas and Ontario 11.7%

Confidential 6 Other P&L Items • Expect total Company margins may return to more normalized levels later FY07; depending on Texas outcome • SG&A as a percentage of revenue was adversely impacted by the revenue reductions in Q1 of approx. $16.0 million - SG&A expense remained relatively flat sequentially to the Q4 FY06 - The reductions in revenue have caused SG&A as a percentage of revenue to increase • Other income was $0.5 million; result of currency losses of approximately $0.7 million, offset by a comparable amount relative to the gain on the sale of the corrections business - closed Q1

Confidential 7 Balance Sheet and Cash Flow $166.9 $201.1 $184.5 $185.8 $170.8 Total AR $39.9 $47.7 $45.3 $46.2 $47.2 Unbilled AR $126.9 $153.4 $139.2 $139.6 $123.6 Billed AR Q1 07 Q4 06 & FY 06 Q3 06 Q2 06 Q1 06 • Cash, cash equivalents, and marketable securities of $163.8 million • Accounts receivable totaled $166.9 million - $2.2 million in long-term accounts receivables; classified within other assets on the balance sheet • Solid headway made in unbilled receivables; reflection of efforts to achieve better contract terms and complete older fixed price, milestone contracts • DSOs improved to 96 days driven by strong collections and AR management

Confidential 9 Operational Items on Texas Three Main Components to the Project: • Children’s Health Insurance Program (CHIP) - Transitioned the majority of operations to Accenture - Remaining ramp down in the next few weeks • Medicaid Enrollment - Assessing our role on this program on a go-forward basis • Integrated Eligibility - Notified Accenture of intent to pursue termination of the subcontract; If not cured by February 16, 2007 - Potentially begin the transition of the integrated eligibility operations as early as mid-February

Confidential 10 Operational Items on Texas • Texas losses of $27.0 million pre-tax ($24 million related to operating loss and AR provision, $3 million for legal provision) • Expect Texas operating losses to trend down - Expect between $13 - $18 million of pre-tax losses in 2Q - Full year pre-tax loss $45 - $55 million range • Texas likely to become less of an operational issue and the large recurring losses may move off the P&L in the next few months. - Responsibility for the losses will be an element of the arbitration proceedings - Texas should require less operational oversight and enable focus on strengthening the remainder of base business

Confidential 11 Arbitration Process • Timeline of Arbitration Process with Accenture - Arbitration panel is not finalized - Following finalization of the panel - expect a discovery phase which may take several months - Hearing would probably occur sometime in 2008 • We remain confident in the merits of our case • Each side claiming damages in excess of $100 million • Limit of liability on the Texas subcontract $250 million

Confidential 12 • Provision for receivables for systems implementation project in Ontario - Beyond our core Child Support operations; traditionally focus on the front end case management and call center operations - Client came by referral from peer customer - No longer performing work on the project and expect no further operating losses - Continuing dialogue to finalize a resolution; could end up in litigation - The contract sets forth a limitation of liability; cap our exposure at $4.3 million (USD) Ontario, Canada Project

Confidential 13 • Contracts were written years ago under different protocols, policies, and procedures - Identify issues in existing projects as we finish work on them - Mitigate future risk in new projects • Issues typically arise in the project life cycle in three main areas - Contract terms, project start up, and bidding • Important steps to root out problems before they surface - Contracts Administration and Quality and Risk Management - Created centralized contract management process Addressing Legacy Challenges

Confidential 14 Old Approach • Not subject to a formal internal contract review • Emphasis on driving sales • Contract was signed with unclear back ended milestones • Not enough clarity on what constituted completion • Resulted in cost overruns New Approach • Formal internal review conducted • Elevated to senior executive bid review committee (BRC) • Rigorous review processes ensures key criteria are met and more favorable terms are negotiated • Achieved goal by negotiating with clients up front to clearly define milestones, completion, and payment terms New Contract Approach Example

Confidential 15 QA organization conducts a number of key reviews for existing projects • Reviews include: - Independent Verification and Validation - IV&V reviews - Full detailed field reviews - Self assessment reviews Quality & Risk Management

Confidential 16 • Not a one quarter fix - Aggressive implementation oversight - Moving from an entrepreneurial approach to one that is more disciplined and driven by the bottom line - Represents a cultural shift within our organization • Elements in fixed priced contracts have been a recurring source of financial underperformance - Need to shift away from fixed price conditions for certain contract components • Data conversions • Systems interface • Report generation Mitigate Levels of Future Risks

Confidential 17 • Earnings in the short term will come from optimizing the existing base business - Long-term growth is contingent upon bringing in new, profitable business - New sales awards and current pipeline reflect emphasis on “singles and doubles” rather than home runs • Awarded a new Health enrollment broker job - Should contribute $30 million over the 5-year term of the contract • Overall year-to-date sales are down compared to FY06; jobs won thus far reflect smaller projects in core competency and a more disciplined approach to new business • Long term growth is not tied to the performance of one large, complicated project New Sales and Pipeline

Confidential 18 • Year-to-date signed contract wins - $80 million • New contracts pending - $142 million • Overall pipeline - $1.3 billion - Sales opportunities across all segments of the business • Pipeline is healthy with many opportunities; jobs up to $50 million New Sales and Pipeline

Confidential 19 • Booked a gain on the sale of our corrections business • Exited the student loan business • Possible there may be additional dispositions in 2007 • Continue to review the business portfolio; no plans finalized Dispositions

Confidential 20 • Estimate revenue for fiscal 2007 to be in the range of $710 - $730 million; reflects the impact from the Texas project • Incur pre-tax losses on the Texas project for fiscal 2007 of $45 - $55 million - Q2 Texas loss to range between $13 - $18 million; abate substantially in 2nd half of FY07 • Base operations will deliver a diluted EPS range between $2.00 - $2.10; includes $4.0 million impact from the Ontario project in Q1 • Total Company diluted earnings per share for FY 07 between $0.40 - $0.80 FY07 Guidance

Confidential 21 • Took necessary steps in the quarter to clean up legacy issues and position MAXIMUS for long-term profitable growth • Failing a cure, transition IE component of the Texas project starting as early as this month. The transition of the CHIP program has largely been completed • More accountable structure for size and caliber of company • New business we are winning provides for more favorable terms and meets our more stringent review process • Disciplined steps taken with fewer unknowns today than there were a year ago and more compelling, sustainable opportunities for growth. Conclusion