Ultimate Reports Q2 2017 Financial Results
ULTIMATE SOFTWARE GROUP (ULTI)
Last ultimate software group earnings: 2/4 04:01 pm
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US:NASDAQ Investor Relations:
ultimatesoftware.com/ultimate-investor-relations
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Source: Business Wire
Record Recurring Revenues of $195.1 million, Up by 23% Total Revenues of $224.7 million, Up by 20% WESTON, Fla.--(BUSINESS WIRE)-- Ultimate Software (Nasdaq: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today our financial results for the second quarter ended June 30, 2017. Ultimate reported recurring revenues of $195.1 million, a 23% increase, and total revenues of $224.7 million, a 20% increase, both compared with 2016’s second quarter. GAAP net income for the second quarter of 2017 was $5.0 million, or $0.16 per diluted share, as compared with GAAP net income of $6.1 million, or $0.20 per diluted share, for the second quarter of 2016. Non-GAAP net income for the second quarter of 2017, which excludes stock-based compensation expense and amortization of acquired intangibles, was $28.6 million, or $0.93 per diluted share. No
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