Ultimate Software Group, Inc. (ULTI) Tops Q3 EPS by 1c, Offers Guidance

Ultimate Software Group, Inc. (NASDAQ: ULTI) reported Q3 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $127.4 million versus the consensus estimate of $127.1 million.

Financial Outlook

Ultimate provides the following financial guidance for the 2014 full year and preliminary financial guidance for the 2015 full year:

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 the year 2015, preliminary:

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, Inc. (ULTI) click here.

You May Also Be Interested In

• LeonaBio (LONA) Price Target Cut to $17 by Citizens Amid Pipeline Development
• Palo Alto Networks (PANW) PT Raised to $400 at TD Cowen
• Genco rejects Diana Shipping bid, calls offer below NAV