Ultimate Software Group (ULTI) Reports Q4 EPS of $1.11, Beats on Revenues; Offers Q1 Revenue Guidance Above Consensus

Note: EPS may not be comparable

Ultimate Software Group (NASDAQ: ULTI) reported Q4 EPS of $1.11, versus $0.87 reported last year. Revenue for the quarter came in at $251.4 million versus the consensus estimate of $244.79 million.

Non-GAAP net income for the fourth quarter of 2017 was $34.2 million, or $1.11 per diluted share, as compared with non-GAAP net income for the fourth quarter of 2016 of $27.8 million, or $0.91 per diluted share.

• Record 2017 Recurring Revenues of $802.3 million, Up by 23%
• Record 2017 Total Revenues of $940.7 million, Up by 20%
• Record Q4 Recurring Revenues of $214.1 million, Up by 22%
• Record Q4 Total Revenues of $251.4 million, Up by 19%

Financial Outlook

Ultimate provides the following financial guidance for 2018:

For the first quarter of 2018:

• Recurring revenues of approximately $229 to $231 million,
• Total revenues of approximately $269 to $272 million, and
• Operating margin, on a non-GAAP basis (discussed below), of approximately 18%.

GUIDANCE:

Ultimate Software Group sees Q1 2018 revenue of $269-272 million, versus the consensus of $267.08 million.

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

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