Ultimate Software Group, Inc. (ULTI) Reports In-Line Q2 EPS and Revenue, Posts Q3 and FY11 Guidance

July 26, 2011 5:03 PM EDT
Ultimate Software Group, Inc. (NASDAQ: ULTI) reported Q2 EPS of $0.14, in-line with the analyst estimate of $0.14. Revenue for the quarter came in at $64.2 million versus the consensus estimate of $64.24 million.

For the third quarter of 2011, the company is forecasting total revenues of approximately $68 million; and Operating margin on a non-GAAP basis of approximately 12%.

For the year 2011 the company is forecasting total revenues to increase by approximately 19% over 2010; and operating margin, on a non-GAAP basis of approximately 13%.


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