Ultimate Software Group (ULTI) Reports In-Line Q1 EPS, Offers Guidance

Ultimate Software Group (NASDAQ: ULTI) reported Q1 EPS of $0.52, in-line with the analyst estimate of $0.52. Revenue for the quarter came in at $144.9 million versus the consensus estimate of $145.1 million.

Ultimate Software Group sees Q2 2015 revenue of $146 million, versus the consensus of $148.39 million.

For the second quarter of 2015:

• Recurring revenues of approximately $124 million,
• Total revenues of approximately $146 million, and
• Operating margin, on a non-GAAP basis (discussed below), of approximately 19%.

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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