Ultimate Software Group, Inc. (ULTI) Tops Q3 EPS by 1c, Comments on Guidance
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Price: $331.36 --0%
Financial Fact:
Total cost of revenues: 76.16M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Financial Fact:
Total cost of revenues: 76.16M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Ultimate Software Group, Inc. (NASDAQ: ULTI) reported Q3 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $82.6 million versus the consensus estimate of $83.97 million.
Financial Outlook:
Ultimate provides the following financial guidance for the 2012 full year and preliminary financial guidance for the 2013 full year:
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 the year 2013, preliminary:
Recurring revenues to increase by approximately 26% over 2012,
Total revenues to increase by approximately 24% over 2012, and
Operating margin, on a non-GAAP basis (discussed below), of approximately 17%.
Operating margin expectations were determined on a non-GAAP basis using the methodologies identified under the caption “Use of Non-GAAP Financial Information” in this press release. Non-cash stock-based compensation expense for 2012 and 2013 is expected to be approximately $20.0 million and $37.0 million, respectively.
For earnings history and earnings-related data on Ultimate Software Group, Inc. (ULTI) click here.
Financial Outlook:
Ultimate provides the following financial guidance for the 2012 full year and preliminary financial guidance for the 2013 full year:
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 the year 2013, preliminary:
Recurring revenues to increase by approximately 26% over 2012,
Total revenues to increase by approximately 24% over 2012, and
Operating margin, on a non-GAAP basis (discussed below), of approximately 17%.
Operating margin expectations were determined on a non-GAAP basis using the methodologies identified under the caption “Use of Non-GAAP Financial Information” in this press release. Non-cash stock-based compensation expense for 2012 and 2013 is expected to be approximately $20.0 million and $37.0 million, respectively.
For earnings history and earnings-related data on Ultimate Software Group, Inc. (ULTI) click here.
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