Corrects the headline to say that profit declined rather than increased from last year.
Ultimate Software (ULTI) posted fourth-quarter net income of $0.1 million compared with $0.6 million in the prior year period. On a per share basis, earnings were breakeven per share for the quarter compared with $0.02 per share in the same quarter last year.
On a non-GAAP basis, earnings for the quarter declined to $2.6 million or $0.10 per share from $2.7 million or $0.11 per share in the previous year period. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $52.3 million compared with $49.7 million in the year-ago period. Analysts expected revenues of $52.14 million for the quarter.
Looking ahead for the first-quarter, the company expects total revenues of about $55 million and an increase of about 18% for fiscal 2010. Analysts currently expect the company to report first-quarter revenues of $54.35 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.