HMS Holdings Corp. Announces Q2 2009 Results and Raises 200...(MSY assumes no responsibility to update ...),Health

Date:7/31/2009

MSY assumes no responsibility to update the forward-looking statements contained in this release as a result of new information, future events or otherwise. When/if used in this release, the words "focus," "believe," "confident," "anticipate," "expected," "strong," "potential," and similar expressions are intended to identify forward-looking statements, and the above described risks inherent therein.

                          HMS HOLDINGS CORP. AND SUBSIDIARIES
                           CONSOLIDATED STATEMENTS OF INCOME
           For the Three and Six-Month Periods Ended June 30, 2009 and 2008
                       (In thousands, except per share amounts)
                                    (unaudited)


                                           Three months         Six months
                                           ended June 30,      ended June 30,
                                         2009        2008      2009      2008
                                         ----        ----      ----      ----

    Revenue                           $53,814     $44,183  $103,755   $83,126
                                      -------     -------  --------   -------

    Cost of services:

      Compensation                     17,815      14,374    35,346    28,098
      Data processing                   3,491       2,512     6,637     5,229
      Occupancy                         2,495       2,406     5,229     4,767
      Direct project costs              7,399       6,395    13,724    12,439
      Other operating costs             3,215       3,114     6,213     5,259
      Amortization of acquisition
       related software and intangibles 1,216       1,162     2,432     2,325
                                        -----       -----     -----     -----

       Total cost of services          35,631      29,963    69,581    58,117

    Selling, general &
     administrative expenses            6,743      
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SOURCE  HMS Holdings Corp.
Copyright©2009 PR Newswire.
All rights reserved

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