Ultimate Software

Ultimate Software’s cloud-based UltiPro® helps simplify and improve work experiences for all employees. Organizations can easily manage global people data and processes with UltiPro and ensure their people feel engaged and productive from day one. With UltiPro, you can deliver personalized recruiting and onboarding experiences, guide employees through important benefits choices, simplify complex payroll computations, efficiently manage time and attendance needs, support continuous performance management and development, and build proactive succession plans for the future. Most importantly, UltiPro’s solutions are supported by powerful business intelligence and reporting to help you drive smarter, people-focused business results.

Ultimate Software operates with a commitment to always put #PeopleFirst. This philosophy is the underlying fabric for Ultimate’s corporate culture, its partnership with customers, and the strategy when designing its solutions. Ultimate has been ranked consistently on FORTUNE’s list of the 100 Best Companies to Work For since 2012, which rates U.S. companies with more than 1,000 employees that use smart people management strategies to develop highly productive and satisfied workforces. 

Ultimate Software has also received numerous accolades from industry influencers. Ultimate was recognized as a ‘Leader’ in Nucleus Research’s HCM Technology Value Matrix 2015; and in 2014, UltiPro’s Talent Acquistion solutions were selected among the annual HR Technology Conference & Exposition’s “Awesome New Technologies for HR.” 

Founded in 1990 and based in Weston, FL, Ultimate Software supports thousands of customers, representing diverse industries and managing millions of employees across the world.

Weston, US
Size (employees)
3,747 (est)+31%
Ultimate Software was founded in 1990 and is headquartered in Weston, US

Ultimate Software Office Locations

Ultimate Software has offices in Weston, Toronto, Montréal, London and in 1 other location
Weston, US (HQ)
2000 Ultimate Way
Singapore, SG
1 Raffles Pl
London, GB
Rex House 4 12 Regent St
Montréal, CA
2400 1000 Rue De La Gauchetière O
Toronto, CA
400 144 Bloor St W

Ultimate Software Data and Metrics

Ultimate Software Financial Metrics

Ultimate Software's revenue was reported to be $781.3 m in FY, 2016 which is a 26% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

781.3 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

481.2 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

30.3 m

EBIT (FY, 2016)

41.7 m

Market capitalization (24-May-2017)

6.5 b

Closing share price (24-May-2017)


Cash (31-Dec-2016)

73.8 m
Ultimate Software's current market capitalization is $6.5 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


410.4 m505.9 m618.1 m781.3 m

Revenue growth, %


Cost of goods sold

238.5 m300.1 m

Gross profit

241.7 m302.3 m379.5 m481.2 m

Gross profit Margin, %


Operating expense total

198.5 m248 m336.2 m439.5 m


43.2 m54.3 m43.3 m41.7 m

EBIT margin, %


Pre tax profit

43.1 m41.4 m

Income tax expense

(20.4 m)(11.2 m)

Net Income

25.5 m44.7 m22.7 m30.3 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


79.8 m108.3 m109.3 m73.8 m

Accounts Receivable


29.4 m34.8 m46.8 m61.9 m

Current Assets

466.8 m1 b1.2 b779.7 m


58.2 m86.6 m125.5 m179.6 m


26.9 m25.7 m24.4 m35.3 m

Total Assets

598.2 m1.2 b1.5 b1.2 b

Accounts Payable

6.4 m7.4 m7.4 m13.5 m

Current Liabilities

402.6 m911.2 m1.1 b707.6 m

Preferred Stock

Additional Paid-in Capital

315.7 m376.6 m463.6 m520.5 m

Retained Earnings

(7.8 m)

Total Equity

334.1 m432.1 m

Financial Leverage

4.4 x2.7 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

25.5 m44.7 m22.7 m30.3 m

Depreciation and Amortization

16.1 m19.3 m21.7 m27.1 m

Accounts Receivable

(17 m)(17 m)(35 m)(35 m)


(3 m)(5.4 m)(12 m)(15 m)

Accounts Payable

(1.4 m)996 k(23 k)5.9 m

Cash From Operating Activities

74.2 m80.6 m110.8 m159.5 m

Purchases of PP&E

(30.4 m)(38.1 m)(50.6 m)

Cash From Investing Activities

(34.4 m)(535.2 m)(224.8 m)358.2 m

Cash From Financing Activities

(17.3 m)483.9 m117.3 m(553.7 m)

Interest Paid

358 k327 k371 k426 k

Income Taxes Paid

476 k582 k815 k1.8 m
Numbers are in $, USDY, 2016


271.3 k

Financial Leverage

2.7 x

Ultimate Software Market Value History

Ultimate Software Online and Social Media Presence

Ultimate Software News and Updates

Ultimate Software Company Life and Culture

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