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
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Key People/Management at Ultimate Software

Scott Scherr

Scott Scherr

CEO, President, Chairman
Marc Scherr

Marc Scherr

Vice Chairman, COO
Felicia Alvaro

Felicia Alvaro

CFO
Adam Rogers

Adam Rogers

CTO, SVP, Product Development
Vivian Maza

Vivian Maza

CPO, Company Secretary
Greg Swick

Greg Swick

Global Chief Sales Officer
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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
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Ultimate Software Financials and Metrics

Ultimate Software Financials

Ultimate Software's revenue was reported to be $940.73 m in FY, 2017 which is a 20.4% increase from the previous period.
USD

Revenue (Q1, 2018)

276.8 m

Gross profit (Q1, 2018)

172 m

Gross profit margin (Q1, 2018), %

62.1%

Net income (Q1, 2018)

21 m

EBIT (Q1, 2018)

22.1 m

Market capitalization (14-Jun-2018)

8.4 b

Closing share price (14-Jun-2018)

275.6

Cash (31-Mar-2018)

143.6 m

EV

8.3 b
Ultimate Software's current market capitalization is $8.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

505.9 m618.1 m781.3 m940.7 m

Revenue growth, %

23%22%26%20%

Cost of goods sold

203.6 m238.5 m300.1 m353.7 m

Gross profit

302.3 m379.5 m481.2 m587 m
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

108.3 m109.3 m73.8 m155.7 m

Accounts Receivable

100.2 m130.1 m162.2 m191 m

Prepaid Expenses

34.8 m46.8 m61.9 m71.6 m

Current Assets

1 b1.2 b779.7 m990.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

115.3 m104.3 m122.1 m83.4 m82.3 m94.8 m73.8 m98 m125.7 m143.6 m

Accounts Receivable

99.9 m108.7 m120 m140 m147.2 m147.7 m161.4 m168.9 m183.9 m192.5 m

Prepaid Expenses

36.7 m40.6 m42.9 m48.5 m53.3 m57.2 m66.8 m72.5 m72.3 m64.3 m

Current Assets

1.1 b662.4 m624.1 m1.6 b1.2 b711.3 m1.2 b842 m872.1 m1.6 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

44.7 m22.7 m30.3 m14.1 m

Depreciation and Amortization

19.3 m21.7 m27.1 m34.1 m

Accounts Payable

996 k(23 k)5.9 m2.6 m

Cash From Operating Activities

80.6 m110.8 m159.5 m214 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

4.2 m7.8 m13.7 m2.4 m4.1 m17.5 m7.3 m12.3 m17 m21 m

Depreciation and Amortization

5.2 m10.6 m16 m6.1 m12.6 m19.2 m8.2 m16.6 m25.1 m9.4 m

Accounts Payable

2.2 m(30 k)(494 k)2.1 m1.5 m4.2 m5.4 m316 k(670 k)(96 k)

Cash From Operating Activities

26.1 m43.6 m101.4 m32.1 m52.5 m115.3 m46.3 m89.5 m139.3 m56.6 m
USDY, 2018

EV/EBIT

375.9 x

EV/CFO

146.8 x

Financial Leverage

3.8 x
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Ultimate Software Operating Metrics

Ultimate Software's Backlog was reported to be $456.2m in FY, 2017. Ultimate Software's Customers was reported to be 4.1 k in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

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 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
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Ultimate Software Acquisitions / Subsidiaries

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

Ultimate Software Revenue Breakdown

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Ultimate Software revenue breakdown by business segment: 14.7% from Services and 85.3% from Recurring

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Ultimate Software Online and Social Media Presence

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Ultimate Software News and Updates

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