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
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
Follow RTT