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Ultimate Software Group (ULTI) Reports In-Line Q2 EPS

July 26, 2016 4:02 PM EDT
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Price: $331.36 --0%

Financial Fact:
Other income, net: 111K

Today's EPS Names:
SHIM, KOD, HEWA, More
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Ultimate Software Group (NASDAQ: ULTI) reported Q2 EPS of $0.76, in-line with the analyst estimate of $0.76. Revenue for the quarter came in at $186.5 million versus the consensus estimate of $187.06 million.

“We had a strong second quarter. We executed on all of our key financial objectives and delivered the best quarter in our history for new-business contracts, and our year-over-year customer retention rate again exceeded 97%,” said Scott Scherr, founder, president, and CEO of Ultimate.

“It is a great honor that our UltiPro solution was awarded the highest overall customer satisfaction rating among a field of 96 solutions in the Summer 2016 Core HR Software Grid report by G2 Crowd, the world’s leading business-software review platform. UltiPro earned a score of 98% for customer satisfaction, exceeding the category average of 56%, with satisfaction scores determined by reviews from software users. We are also pleased to be ranked #8 on Forbes’ 2016 ‘Most Innovative Growth Companies’ list and named ‘Best Customer Service Department of the Year’ by Network Products Guide in its 2016 IT World awards, both announced in the second quarter.”

GUIDANCE:

Ultimate Software Group sees Q3 Recurring revenues of $165 million.

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



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