Ultimate Software

Ultimate Software is a technology company that develops and sells UltiPro, a cloud-based human capital management solution for businesses. The Company's UltiPro solution is a cloud-based platform that delivers human capital management to organizations across all industries. UltiPro provides one system of record for HR, payroll and talent management. It includes time and attendance, employee onboarding, performance management, compensation management, succession management, recruiting and other features like predictive analytics. UltiPro is sold SaaS with a per-employee-per-month subscription.

Company Growth (employees)
Weston, US
Size (employees)
3,747 (est)
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.

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 (15-Sep-2017)

5.7 b

Cash (31-Dec-2016)

73.8 m
Ultimate Software's current market capitalization is $5.7 b.
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

379.5 m481.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


79.8 m108.3 m109.3 m73.8 m


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
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)
USDY, 2016


271.3 k

Financial Leverage

2.7 x
Show all financial metrics

Ultimate Software Operating Metrics

Ultimate Software's Customers was reported to be 3.7 k in Q1, 2017
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017


$185.7 m$320.1 m$399.9 m


2.8 k3.2 k3.2 k3.4 k3.5 k3.7 k3.7 k

People Records

19 m25 m25 m30 m30 m33 m33 m
Show all operating metrics

Ultimate Software Market Value History

Ultimate Software's employees are reported to be approximately 49% female and 51% male.
Show all human capital metrics

Traffic Overview of Ultimate Software

Ultimate Software Online and Social Media Presence

Ultimate Software News and Updates

Floodgate closes sixth fund with $131 million

 Floodgate, a Palo Alto, Ca.-based early stage venture capital firm, has raised $131 million for its sixth fund, according to an SEC filing that shows the 11-year-old firm turned to just eight investors for the capital commitments. Though small by today’s fundraising standards, the fund reflects a b…

A small hedge fund that says its reports have led to CEO resignations has a new big short (ULTI)

A small short-seller that says its reports have led to the resignations of several CEOs has a new big short. Ben Axler's Spruce Point Capital Management, a stock-focused hedge fund, has released a new report on Ultimate Software, a tech company that provides cloud-based huma…

Wall Streeters are sharing a story about a wild holiday party that went horribly wrong

There's a story being passed around today among hedge funders and bankers about a Christmas party on Thursday evening that went awry for one young financier. We've received similar versions of the story below, detailing a Wall Street office party, and what supposedly happene…

How to Create a Great Workplace for Women

Pay and flexibility matter, but women also want development opportunities and influence over policy.

Ultimate Software Company Life and Culture

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