HMS Holdings Corp. Announces Q3 2008 Results, 2008 Revised Guidance and Initial 200...(claims forreimbursement against and dela...),Health

Date:10/31/2008

claims for reimbursement against and delay the ultimate receipt of payment from third party payors; (vi) competitive actions by other companies, including the development by competitors of new or superior services or products or the entry into the market of new competitors; (vii) all the risks inherent in the development, introduction, and implementation of new products and services; and (viii) other risk factors described from time to time in HMSY's filings with the SEC, including HMSY's Form 10-K for the year ended December 31, 2007. HMSY 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 Nine-Month Periods Ended September 30, 2008 and 2007

(In thousands, except per share amounts)

(unaudited)

Three months ended Nine months ended

Sept 30, Sept 30,

2008 2007 2008 2007

Revenue $48,965 $37,684 $132,091 $104,983

Cost of services:

Compensation 19,297 14,422 53,122 40,882

Data processing 3,059 2,628 8,796 7,110

Occupancy 2,763 2,172 7,987 6,446

Direct project costs 7,310 5,711 19,749 16,368

Other operating costs 4,560 3,928 13,605 9,
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SOURCE HMS Holdings Corp. Copyright©2008 PR Newswire. All rights reserved

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