Ultimate Software Group (ULTI) Tops Q2 EPS by 4c

Ultimate Software Group (NASDAQ: ULTI) reported Q2 EPS of $1.32, $0.04 better than the analyst estimate of $1.28. Revenue for the quarter came in at $271.2 million versus the consensus estimate of $268.6 million.

GUIDANCE:

Ultimate Software Group sees Q3 2018 revenue of $286-288 million, versus the consensus of $278.4 million.

• Recurring revenues of approximately $250 to $252 million, including approximately $5 million as a result of the PeopleDoc acquisition,
• Total revenues of approximately $286 to $288 million, including approximately $6 million as a result of the PeopleDoc acquisition, and
• Operating margin, on a non-GAAP basis (discussed below), to be approximately 20%. Excluding the impact of the acquisition of PeopleDoc, we would expect our operating margin, on a non-GAAP basis (discussed below), to be approximately 21% for the third quarter of 2018.
• For the year 2018:
• Recurring revenues to increase by approximately 23% over 2017, including the impact of the PeopleDoc acquisition,
• Total revenues to increase by approximately 21% over 2017, including the impact of the PeopleDoc acquisition, and
• Operating margin, on a non-GAAP basis (discussed below), of approximately 21%, including the impact of the PeopleDoc acquisition.

For earnings history and earnings-related data on Ultimate Software Group (ULTI) click here.

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