Ultimate Software Group (ULTI) Tops Q1 EPS by 7c, Offers Q2 & FY Guidance

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Go back to Ultimate Software Group (ULTI) Tops Q1 EPS by 7c, Offers Q2 & FY Guidance

Ultimate Reports Q1 2016 Financial Results

April 26, 2016 4:00 PM EDT

Record Recurring Revenues of $152.8 Million, Up by 28% Record Total Revenues of $187.2 Million, Up by 29%

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 first quarter ended March 31, 2016. Ultimate reported recurring revenues of $152.8 million, a 28% increase, and total revenues of $187.2 million, a 29% increase, both compared with 2015s first quarter. GAAP net income for the first quarter of 2016 was $2.4 million, or $0.08 per diluted... More