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

------- ------- Revenue $49,941 $38,943 Cost of services: Compensation 17,531 13,724 Data processing 3,146 2,717 Occupancy 2,734 2,361 Direct project costs 6,325 6,044 Other operating costs 2,998 2,145 Amortization of acquisition related software and intangibles 1,216 1,163 ------- ------- Total cost of services 33,950 28,154 Selling, general & administrative expenses 6,131 5,100 ------- ------- Total operating expenses 40,081 33,254 ------- ------- Operating income 9,860 5,689 Interest expense (287) (415) Interest income 97 197 ------- ------- Income before income taxes 9,670 5,471 Income taxes 3,965 2,298 ------- ------- Net Income $5,705 $3,173 ======= ======= Net income per common share: Basic $0.22 $0.13 Diluted
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