Maximus Net Income Slides as Revenue Grows

Maximus, a Virginia-based company that provides independent medical review services to the California Division of Workers' Compensation, reported a 19% growth in revenue for the fiscal year quarter that ended on Dec. 31, but a 38% decline in net income. Maximus reported revenues of $556.7 million for the three-month period, which was the first quarter of its fiscal year. That compares to $467 million for the same period in the previous year. However, Maximus' net income declined to $26.6 million in the quarter that ended on Dec. 31 compared to $42.4 million in the quarter that ended ...