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.

Type
Public
HQ
Weston, US
Founded
1990
Size (employees)
4,208 (est)+13%
Ultimate Software was founded in 1990 and is headquartered in Weston, US
Report incorrect company information

Key People/Management at Ultimate Software

Mitchell Dauerman

Mitchell Dauerman

Chief Financial Officer
Marc Scherr

Marc Scherr

Vice Chairman and Chief Operating Officer
Chris Phenicie

Chris Phenicie

Chief Sales Officer
Adam Rogers

Adam Rogers

Chief Technology Officer & Senior Vice President of Product Development
Vivian Maza

Vivian Maza

Chief People Officer & Company Secretary
Greg Swick

Greg Swick

Global Chief Sales Officer
Show more

Ultimate Software Office Locations

Ultimate Software has offices in London, Singapore, Toronto, Weston and in 1 other location
Weston, US (HQ)
2000 Ultimate Way
Montréal, CA
2400 1000 Rue de la Gauchetière O
Toronto, CA
400 144 Bloor St W
Singapore, SG
1 Raffles Pl
London, GB
4-12 Regent St
Show all (5)
Report incorrect company information

Ultimate Software Financials and Metrics

Ultimate Software Financials

Ultimate Software's revenue was reported to be $781.29 m in FY, 2016 which is a 26.4% increase from the previous period.
USD

Revenue (Q3, 2017)

236.1 m

Gross profit (Q3, 2017)

147.4 m

Gross profit margin (Q3, 2017), %

62.4%

Net income (Q3, 2017)

4.7 m

EBIT (Q3, 2017)

14.5 m

Market capitalization (20-Apr-2018)

7.5 b

Cash (30-Sep-2017)

125.7 m

EV

7.4 b
Ultimate Software's current market capitalization is $7.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

505.9 m618.1 m781.3 m

Revenue growth, %

23%22%26%

Cost of goods sold

203.6 m238.5 m300.1 m

Gross profit

302.3 m379.5 m481.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

144.9 m147.2 m155.3 m187.2 m186.5 m197 m228.5 m224.7 m236.1 m

Cost of goods sold

57.1 m58 m59.9 m72.3 m72.3 m76.2 m89.7 m84.3 m88.7 m

Gross profit

87.8 m89.2 m95.4 m115 m114.2 m120.8 m138.8 m140.4 m147.4 m

Gross profit Margin, %

61%61%61%61%61%61%61%63%62%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

108.3 m109.3 m73.8 m

Accounts Receivable

100.2 m130.1 m162.2 m

Prepaid Expenses

34.8 m46.8 m61.9 m

Current Assets

1 b1.2 b779.7 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

115.3 m104.3 m122.1 m83.4 m82.3 m94.8 m73.8 m98 m125.7 m

Accounts Receivable

99.9 m108.7 m120 m140 m147.2 m147.7 m161.4 m168.9 m183.9 m

Prepaid Expenses

36.7 m40.6 m42.9 m48.5 m53.3 m57.2 m66.8 m72.5 m72.3 m

Current Assets

1.1 b662.4 m624.1 m1.6 b1.2 b711.3 m1.2 b842 m872.1 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

44.7 m22.7 m30.3 m

Depreciation and Amortization

19.3 m21.7 m27.1 m

Accounts Payable

996 k(23 k)5.9 m

Cash From Operating Activities

80.6 m110.8 m159.5 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

4.2 m7.8 m13.7 m2.4 m4.1 m17.5 m7.3 m12.3 m17 m

Depreciation and Amortization

5.2 m10.6 m16 m6.1 m12.6 m19.2 m8.2 m16.6 m25.1 m

Accounts Payable

2.2 m(30 k)(494 k)2.1 m1.5 m4.2 m5.4 m316 k(670 k)

Cash From Operating Activities

26.1 m43.6 m101.4 m32.1 m52.5 m115.3 m46.3 m89.5 m139.3 m
USDY, 2017

EV/EBIT

512.4 x

EV/CFO

53.3 x

Revenue/Employee

63 k

Financial Leverage

2.4 x
Show all financial metrics

Ultimate Software Operating Metrics

Ultimate Software's Customers was reported to be 4.1 k in FY, 2017. Ultimate Software's Backlog was reported to be $456.2m in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

People Records

19 m19 m20 m20 m25 m25 m30 m30 m33 m33 m33 m35 m37 m

Languages

10 10 10 10 12 12 12 12 14 12 12 12 14

Backlog

$185.70 m$320.10 m$399.90 m$456.20 m

Customers

2.80 k3.20 k3.20 k3.40 k3.50 k3.70 k3.70 k3.70 k4 k4.10 k
Show all operating metrics

Ultimate Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
The Ultimate Software Group of Canada
The Ultimate Software Group of Asia
Kanjoya September 30, 2016
Vestrics May 20, 2016
EmployTouch October 11, 2013
Report incorrect company information