Maximus announce third-quarter results

Maximus announced their financial results for the three months to June 30, 2015 on Thursday August 6, 2015.

Revenue growth of 36% to $572.3 million, driven by organic growth and contributions from the acquisitions of Acentia and Remploy.

Human Services Segment revenue for the third quarter of fiscal 2015 increased 16% (26% on a constant currency basis) to $132.7 million, compared to $114.6 million for the same period last year. Revenue growth in the quarter was driven by revenue from the acquisition of Remploy and the Company’s international welfare-to-work operations. Revenue growth was offset by the unfavorable impact of foreign currency translation.

Human Services Segment operating income for the third quarter totaled $16.8 million (12.7% operating margin), compared to $13.6 million (11.9% operating margin) for the same period last year.