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
The bench to bedside journey of drugs is fraught with challenges. It is estimated that only 5 in 5,000 compounds that enter preclinical testing make it to human testing, and out of those 5, only 1 may pass through all the regulatory hurdles needed to reach pharmacy shelves. Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions.
comments powered by Disqus
Follow RTT