Ultimate Software Group, Inc. (ULTI) Tops Q2 EPS by 4c; Guides for FY

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Ultimate Software Group, Inc. (NASDAQ: ULTI) reported Q2 EPS of $0.21, $0.04 better than the analyst estimate of $0.17. Revenue for the quarter came in at $79.2 million versus the consensus estimate of $79.01 million.

For the year 2012: Recurring revenues to increase by approximately 25% over 2011, Total revenues to increase by approximately 23% over 2011, and Operating margin, on a non-GAAP basis (discussed below), of approximately 15%.

For earnings history and earnings-related data on Ultimate Software Group, Inc. (ULTI) click here.

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