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

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
Follow RTT