Ultimate Software Group (ULTI) Tops Q2 EPS by 7c

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Ultimate Reports Q2 2015 Financial Results

July 28, 2015 4:00 PM EDT

Record Recurring Revenues of $124.4 Million, Up by 22% Record Total Revenues of $147.2 Million, Up by 21%

WESTON, Fla.--(BUSINESS WIRE)-- Ultimate Software (Nasdaq: ULTI), a leading provider of Human Capital Management (HCM) solutions in the cloud, announced today its financial results for the second quarter of 2015. For the quarter ended June 30, 2015, Ultimate reported recurring revenues of $124.4 million, a 22% increase, and total revenues of $147.2 million, a 21% increase, both compared with 2014s second quarter. GAAP net income for the second... More