Ultimate Software Group (ULTI) Tops Q2 EPS by 7c

Ultimate Software Group (NASDAQ: ULTI) reported Q2 EPS of $0.62, $0.07 better than the analyst estimate of $0.55. Revenue for the quarter came in at $147.2 million versus the consensus estimate of $146.12 million.

Financial Outlook

Ultimate provides the following financial guidance for the third quarter ending September 30, 2015, and full year 2015:

For the third quarter of 2015:

• Recurring revenues of approximately $132 million,
• Total revenues of approximately $156 million, and
• Operating margin, on a non-GAAP basis (discussed below), of approximately 20%.

For the year 2015:

• Recurring revenues to increase by approximately 23% over 2014,
• Total revenues to increase by approximately 22% over 2014, and
• Operating margin, on a non-GAAP basis (discussed below), in excess of 20%.

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

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