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Biotech / Medical : Health Management Systems, Inc. (HMSY)- Great BuY!

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From: JakeStraw	5/5/2008 8:14:14 AM
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HMS Holdings Corp. Announces First Quarter 2008 Financial Results biz.yahoo.com Monday May 5, 8:00 am ET First Quarter Revenue Increases 20.8% over Prior Year; 2008 Guidance Reaffirmed NEW YORK, May 5 /PRNewswire-FirstCall/ -- HMS Holdings Corp. (Nasdaq: HMSY) today announced its financial results for the first quarter ended March 31, 2008. For the first quarter of 2008, revenue increased 20.8% to $38.9 million, compared with $32.2 million for the same period a year ago. Net income for the quarter was $3.2 million or $0.12 per fully diluted share compared to net income of $3.0 million or $0.11 per fully diluted share for the same period a year ago. Adjusted EBITDA for the quarter increased 6.6% to $9.3 million versus $8.8 million for the first quarter of 2007. "We are pleased that 2008 has gotten off to a fast start and are reaffirming our full year guidance of revenues of $170 million (+16%), adjusted EBITDA of $49 million (+21%), and EPS of $0.73 (+28%)," said Robert Holster, Chairman and CEO of HMS Holdings Corp.

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