Ultimate Software Q4 Profit Rises - Quick Facts

(RTTNews) - Ultimate Software (ULTI), a cloud provider of people management solutions, reported fourth-quarter net income of $9.8 million, or $0.34 per share, compared to $6.3 million, or $0.22 per share, prior year. Non-GAAP net income was $15.9 million, or $0.54 per share, for the fourth quarter of 2013.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased year-over-year to $111.90 million, from $92.18 million. Analysts expected revenue of $110.57 million for the quarter.

For the first quarter of 2014: the company expects total revenues of approximately $119.0 million. Analysts expect the company to report first-quarter revenue of $117.93 million.

For the year 2014: the company expects total revenues to increase by approximately 23% over 2013.