logo
Share SHARE
FONT-SIZE Plus   Neg

Ultimate Software Q1 Profit Rises; Guides Q2 - Quick Facts

Ultimate Software Group, Inc. (ULTI) reported first-quarter GAAP net income of $1.0 million or $0.04 per share, compared to $328 thousand or $0.01 per share in the same quarter last year.

Non-GAAP net income, which excludes items rose to $3.7 million or $0.13 per share from $2.8 million or $0.10 per share in the year-ago period. On average, fourteen analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share. Analysts' estimates typically exclude special items.

Total revenues for the first quarter were $78.28 million, compared with $64.51 million in the comparable quarter last year, while fourteen Wall Street analysts expected revenues of $76.01 million for the period.

Looking forward, to the second quarter, total revenues is estimated to be about $79.0 million, and operating margin, on a non-GAAP of about 10%. Analysts expect revenues of $78.32 million for the second quarter.

For fiscal 2012, the company expects operating margin, on a non-GAAP basis, of approximately 15% and total revenue to increase by about 23% over 2011.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Everyone knows that the Federal Reserve will raise interest rates next Wednesday at the conclusion of its two-day policy meeting. After all, Fed speakers have been jawboning a rate hike over the past few weeks. With the markets reacting with eerie calm to Donald Trump's win, policy makers have no... GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President. Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September.
comments powered by Disqus
Follow RTT