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

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From: JakeStraw7/31/2009 8:11:15 AM
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HMS Holdings Corp. Announces Q2 2009 Results and Raises 2009 Guidance
finance.yahoo.com
Friday July 31, 2009

- Q2 Revenue of $53.8 million (+21.8%) - Q2 EPS of $0.24 (+26.3%) - Full Year 2009 EPS Guidance Raised From $1.00 to $1.05 (+31.3%)

"HMS closed the first half of 2009 strongly, growing in each of our markets," said William Lucia, HMS CEO. "In addition to benefiting from growth in the programs we serve, we've seen increased adoption of our cost containment services, with two new State Medicaid agencies procuring coordination of benefits services for the first time. With the addition of these states, we have won nine consecutive procurements in Medicaid coordination of benefits. We also added 13 new Medicaid managed care plans to our portfolio."

As a result of its performance over the past two quarters, HMS is raising annual 2009 guidance to $222 million in revenue and $1.05 earnings per diluted share. Compared with 2008, the guidance represents revenue growth of 20.3% and earnings growth of 31.3%.
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