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HMS Holdings Corp. Announces First Quarter 2009 Financial Results
Date:5/1/2009

Revenue Up 28%, EPS Up 77% Over Prior Year

NEW YORK, May 1 /PRNewswire-FirstCall/ -- HMS (Nasdaq: HMSY) today announced financial results for its first quarter ended March 31, 2009.

For the first quarter of 2009, revenue increased 28.2% to $49.9 million, compared with $38.9 million for the same period a year ago. Net income for the quarter was $5.7 million or $0.21 per fully diluted share compared to net income of $3.2 million or $0.12 per fully diluted share for the same period a year ago. Adjusted EBITDA for the quarter increased 54.9% to $14.5 million versus $9.3 million for the first quarter of 2008.

"HMS's first quarter represents a strong start to what we expect will be an excellent 2009," said Bill Lucia, CEO. "We are seeing revenue growth and new business in each of the markets we serve."

HMS will be hosting its first quarter 2009 conference call and webcast with the investment community on Friday, May 1, 2009 at 9:00 am Eastern Time. The conference call number is US/Canada: (866) 394-8630 Int'l/Local Dial-In: (706) 758-0082 Conference ID: 90944724. A slide presentation will accompany the conference call and may be accessed through our website at http://www.hms.com/investor_relations/investors_quarterly_results.asp.

A conference call replay will be available beginning May 1, 2009 10:00 AM ET through May 7, 2009 11:59 PM ET. To listen to the replay of the call, dial: US/Canada: (800) 642-1687 Int'l/Local Dial-In: (706) 645-9291 Conference ID: 90944724 or visit our website at '/>"/>

SOURCE HMS Holdings Corp.
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