Published on October 30, 2009 at 8:06 AM
HMS Holdings Corp. (NASDAQ: HMSY) today announced its financial results for the third quarter of 2009.
For the quarter ended September 30, 2009 revenue increased 20.8% to $ 59.2 million, compared with $49.0 million for the same period a year ago. Net income for the quarter was $ 8.4 million (+36.4%) or $0. 30 (+30.4%) per diluted common share compared to net income of $6.1 million or $0.23 per diluted common share for the same period a year ago.
For the nine months ended September 30, 2009, HMS reported revenue of $162.9 million, an increase of $30.8 million or 23.3% from the $132.1 million for the same period a year ago. HMS reported net income of $ 20.7 million (+44.7%) or $0. 75 (+41.5%) per diluted common share for the nine months ended September 30, 2009, compared to net income of $14.3 million or $0.53 per diluted common share for the same period a year ago.
“Customers in each of our markets are benefiting from the scope and quality of our coordination of benefits and program integrity offerings,” said Bill Lucia, CEO of HMS. “We see broad opportunities in the marketplace, and continue to offer our clients unique program savings initiatives that will become even more critical as the nation seeks to finance the expansion of healthcare coverage.”
Source HMS Holdings Corp.