Ultimate Software Group (ULTI) Tops Q3 EPS by 1c, Revenues Slightly Beat; Offers Q4 Revenue Outlook Below Consensus

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Go back to Ultimate Software Group (ULTI) Tops Q3 EPS by 1c, Revenues Slightly Beat; Offers Q4 Revenue Outlook Below Consensus

Ultimate Reports Q3 2018 Financial Results

October 30, 2018 4:00 PM EDT

Record Recurring Revenues of $254.6 million, Up by 25% Record Total Revenues of $287.8 million, Up by 22%

WESTON, Fla.--(BUSINESS WIRE)-- Ultimate Software (Nasdaq: ULTI), aleading provider of human capital management (HCM) solutionsin the cloud, announced today our financial results for the third quarter ended September30, 2018. Ultimate reported recurring revenues of $254.6 million, a 25% increase, and total revenues of $287.8 million, a 22% increase, both compared with 2017's third quarter. GAAP net income for the third quarter of 2018 was $17.1 million, or $0.54 per diluted... More