Ultimate Software Group (ULTI) Tops Q1 EPS by 17c
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Ultimate Reports Q1 2018 Financial Results
May 1, 2018 4:00 PM EDTRecord Recurring Revenues of $236.6 million, Up by 25% Record Total Revenues of $276.8 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 our financial results for the first quarter ended March 31, 2018. Ultimate reported recurring revenues of $236.6 million, a 25% increase, and total revenues of $276.8 million, a 21% increase, both compared with 2017s first quarter. GAAP net income for the first quarter of 2018 was $21.0 million, or $0.67 per diluted... More
