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HMS Holdings Corp. Reports First Quarter 2012 Results

Published in Managed Care Weekly Digest, May 7th, 2012

2012 MAY 7 -- HMS Holdings Corp. (NASDAQ: HMSY) announced financial results for its first quarter ended March 31, 2012.

For the first quarter of 2012, HMS reported revenue of $107.3 million, an increase of 30.1% compared to revenue of $82.5 million for the same period a year ago. Net income for the quarter was $7.0 million or $0.08 per fully diluted share compared to net income of $9.8 million or $0.11 per fully diluted share for the same period a year ago. Adjusted EPS increased 14.3% year over year to $0.16.

"HMS opened the year with mixed results," said Bill Lucia, Chief Executive Officer. "We are particularly pleased with the...

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