MAXIMUS, a leading provider of government services reported results for its fiscal 2009 third quarter. MAXIMUS will maintain 2010 preliminary outlook and has been selected as preferred bidder for Employment Services Contract in the UK

Key highlights include:
• Third quarter revenue of $185.2 million,
• Net income from continuing operations of $15.0 million, or $0.84 per diluted share, which includes $0.16 per diluted share of legal and settlement recovery. Excluding this recovery, earnings per diluted share from continuing operations was $0.68, a penny ahead of consensus estimates;
• Third quarter cash provided by operating activities from continuing operations of $12.4 million and free cash flow of $6.3 million; healthy cash and cash equivalents at June 30, 2009 of $91.7 million;
• Strong signed fiscal year-to-date awards of $877 million, which includes wins related to the American Reinvestment and Recovery Act (ARRA), and a robust pipeline of $1.2 billion at August 4, 2009;
• Notification of award as the preferred bidder for a new five-year contract, estimated to be valued at approximately $200 million (USD), to provide employment services under the Flexible New Deal in the United Kingdom and
• Revenue for the third quarter was $185.2 million versus $189.4 million reported for the same period last year.

The Company also announced that its United Kingdom subsidiary, MAXIMUS Employment & Training, has been selected as the preferred bidder by the United Kingdom Department of Work & Pensions for the delivery of employment services in southeast England. The five-year contract, valued at approximately $200 million (USD) is expected to be executed within a week and operations are expected to launch in October 2009.

Richard A. Montoni, Chief Executive Officer, commented, “Our solid results for the period reflect the integral role MAXIMUS plays in the administration of vital health and human services programs. Recent new wins, successful rebids and program expansions have offset some reductions in the domestic business resulting from the challenging state budgetary environment. We are actively working with our government partners to meet increased program demand with scalable solutions while best positioning the Company for emerging opportunities. With the recent doubling of our Australia operations and today’s announced win in the UK, we are excited to expand the reach of our thought leadership and program administration expertise in the global market.”

For more information please contact:
Felicity Ivers
Marketing and Communications Manager
Mobile: 0422 00 99 29
Email: contact/Sryvpvgl.Viref+Znkargjbex.pbz+nh