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Maximus (MMS) delivers essential technology and consulting services to government agencies worldwide, helping transform public sector operations. This news hub provides investors and stakeholders with timely updates on the company's strategic initiatives, contract awards, and program implementations.
Access comprehensive coverage of Maximus's developments including government contract announcements, technology deployment milestones, and regulatory compliance updates. Our curated collection features official press releases and third-party analysis related to healthcare system modernization, welfare program optimization, and digital transformation projects across North America, Australia, and the UK.
Stay informed about operational developments impacting key service areas such as child support systems, workforce development programs, and cloud-based government solutions. The repository enables tracking of Maximus's progress in implementing large-scale public sector initiatives while maintaining strict editorial neutrality.
Bookmark this page for streamlined access to verified updates about MMS's partnerships with federal/state agencies, leadership changes affecting program delivery, and innovations in case management technologies. Regular updates ensure you never miss critical developments in this government services specialist's evolving portfolio.
Maximus (NYSE: MMS) has appointed Teresa Weipert as the new U.S. Federal Services Segment General Manager, succeeding Thomas Romeo, who is retiring after nearly ten years. Weipert's leadership experience includes roles at IBM and Accenture, focusing on growth in federal and public markets. Under Romeo’s tenure, the segment grew from $80 million to over $1.6 billion in FY 2020, including the acquisition of Attain Federal. The transition aims to align with long-term strategic goals for market expansion and technology enhancement, focusing on digital solutions for federal clients.
On March 1, 2021, Attain, LLC announced a restructuring that separates its divisions into two companies. The federal business will remain under the name Attain, LLC and has been acquired by Maximus (NYSE: MMS). The education, nonprofit, healthcare, and local government division will operate as Attain Partners. This strategic move aims to enhance innovation and growth opportunities for both companies, with Attain Partners set to benefit from increased funding for strategic investments across its sectors.
Maximus (NYSE: MMS) has completed the acquisition of the Federal division of Attain, LLC for $430 million, enhancing its digital transformation strategy. Attain Federal brings advanced technology services like AI and machine learning to support U.S. Federal Government agencies. Expected to generate $120-$140 million in revenue in fiscal 2021, the acquisition aligns with Maximus' growth objectives in the federal market. While slightly dilutive in fiscal 2021 due to one-time expenses, it is projected to be accretive in fiscal 2022.
Maximus (NYSE: MMS) has announced its support for seven state vaccination programs by providing COVID-19 vaccine information and hotline services. The states involved include California, Colorado, New York, and the District of Columbia. The company aims to alleviate the high volume of vaccination requests and manage case backlogs. Maximus has deployed over 4,200 work-from-home agents since December 2020 to facilitate vaccine rollouts, utilizing cloud-based engagement capabilities to promote public confidence in vaccinations.
Maximus (NYSE: MMS) reported strong financial results for Q1 FY2021, with revenue increasing 15.6% to $945.6 million, up from $818.2 million a year earlier. The growth was driven by COVID-response initiatives, contributing approximately $160 million in revenue. Operating income was $87.6 million, reflecting a 9.3% margin. The company raised its fiscal 2021 guidance, expecting revenue between $3.400 billion and $3.525 billion and diluted EPS between $3.55 and $3.75. A quarterly dividend of $0.28 will be payable on February 26, 2021.
Maximus (NYSE: MMS) will release its financial results for the quarter ending December 31, 2020, on February 4, 2021, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. Maximus, founded in 1975, focuses on helping government agencies improve citizen engagement through innovative solutions.
Maximus (NYSE: MMS) announced a quarterly cash dividend of $0.28 per share, set for payment on February 26, 2021. The record date for shareholders is February 12, 2021. Since its inception in 1975, Maximus has committed to Helping Government Serve the People® by providing innovative business process management and technology solutions for government services.
Maximus (NYSE:MMS) has received notable recognition at the 2020 MarCom Awards, winning two awards and two honorable mentions for its digital media and strategic communications campaigns. Key highlights include the Platinum Award for Integrated Marketing in support of the IRS, and a Gold Award for a web video celebrating NOAA's 50th anniversary. The MarCom Awards is one of the largest creative competitions globally, attracting around 6,000 entries annually from various countries.
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