Ultimate Software Q2 Profit Up - Quick Facts

(RTTNews) - The Ultimate Software Group, Inc. (ULTI) Tuesday reported second-quarter profit of $6.4 million or $0.22 per share, up from $4.9 million or $0.17 per share in the same period last year.

Adjusted earnings for the quarter were $13.4 million or $0.46 per share for the quarter. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $122.0 million from $97.47 million last year. Analysts expected revenues of $120.20 million.

Looking ahead to the third quarter, the company has forecast revenues of approximately $127 million, with recurring revenues of approximately $107 million. Analysts currently expect third-quarter revenues of $127.23 million.