HMS Holdings Corp. (Nasdaq: HMSY) will present at the BofA Securities Health Care Conference on May 12, 2020, at 10:20 a.m. ET. The management team will provide an overview of HMS and engage in a virtual fireside chat. An audio webcast and presentation materials will be accessible on the company's website. HMS specializes in reducing healthcare costs and improving outcomes through technology, analytics, and engagement solutions, saving billions annually. For more details, visit the HMS investor site.
HMS Holdings Corp. (HMSY) reported a 15.9% increase in total revenue for Q1 2020, reaching $171.4 million, with organic growth of 8.5%. However, net income declined 35.4% to $12.7 million, or $0.14 per diluted share, owing to integration costs from the recent acquisition of Accent. Adjusted EBITDA rose 15.0% to $47.1 million, while cash and equivalents stood at $148 million. The company revised its FY 2020 guidance, anticipating total revenue to be between $690 million and $705 million, indicating a growth of 12.1% to 14.5%.
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