Ultimate Software Group, Inc. (ULTI) Tops Q1 EPS by 7c, Offers Outlook

Ultimate Software Group, Inc. (NASDAQ: ULTI) reported Q1 EPS of $0.47, $0.07 better than the analyst estimate of $0.40. Revenue for the quarter came in at $121.1 million versus the consensus estimate of $118.75 million.

Financial Outlook

Ultimate provides the following financial guidance for the second quarter ending June 30, 2014, and full year 2014:

For the second quarter of 2014:

Recurring revenues of approximately $100 million,
Total revenues of approximately $120 million, and
Operating margin, on a non-GAAP basis (discussed below), of approximately 18%.

For the year 2014:

Recurring revenues to increase by approximately 25% over 2013,
Total revenues to increase by approximately 23% over 2013, and
Operating margin, on a non-GAAP basis (discussed below), of approximately 20%.

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

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