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)
Type
Public
HQ
Weston, US
Founded
1990
Size (employees)
3,747 (est)
Ultimate Software was founded in 1990 and is headquartered in Weston, US

Key People/Management at Ultimate Software

Mitchell Dauerman

Mitchell Dauerman

Chief Financial Officer
Marc Scherr

Marc Scherr

Vice Chairman and Chief Operating 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
Chris Phenicie

Chris Phenicie

Chief Sales Officer
Julie Dodd

Julie Dodd

Chief Services Officer
Scott Scherr

Scott Scherr

Chairman, President, and Chief Executive Officer
Bill Hicks

Bill Hicks

Chief Relationship Officer

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
4-12 Regent St
Montréal, CA
2400 1000 Rue de la Gauchetière O
Toronto, CA
400 144 Bloor St W

Ultimate Software Financials and Metrics

Ultimate Software Financials

Ultimate Software's revenue was reported to be $781.3 m in FY, 2016
USD

Revenue (Q2, 2017)

224.7 m

Gross profit (Q2, 2017)

140.4 m

Gross profit margin (Q2, 2017), %

63%

Net income (Q2, 2017)

5 m

EBIT (Q2, 2017)

7 m

Market capitalization (13-Nov-2017)

6.1 b

Cash (30-Jun-2017)

98 m

EV

6 b
Ultimate Software's current market capitalization is $6.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

410.4 m505.9 m618.1 m781.3 m

Revenue growth, %

23%22%26%

Cost of goods sold

168.7 m203.6 m238.5 m300.1 m

Gross profit

241.7 m302.3 m379.5 m481.2 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

61%61%61%61%61%61%61%63%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

79.8 m108.3 m109.3 m73.8 m

Accounts Receivable

85.7 m100.2 m130.1 m162.2 m

Prepaid Expenses

29.4 m34.8 m46.8 m61.9 m

Current Assets

466.8 m1 b1.2 b779.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Current Assets

1.1 b662.4 m624.1 m1.6 b1.2 b711.3 m1.2 b842 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

(16.8 m)(16.8 m)(34.6 m)(35 m)

Accounts Payable

(1.4 m)996 k(23 k)5.9 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

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

Depreciation and Amortization

524.6 k10.6 m16 m6.1 m12.6 m19.2 m8.2 m16.6 m

Accounts Receivable

(621 k)(10.4 m)(23.2 m)(11.2 m)(19.1 m)(20.2 m)(1.5 m)(10 m)

Accounts Payable

2.2 m(30 k)(494 k)2.1 m1.5 m4.2 m5.4 m316 k
Y, 2017

EV/EBIT

863.5 x

EV/CFO

67.1 x

Financial Leverage

2.5 x
Show all financial metrics

Ultimate Software Operating Metrics

Ultimate Software's Customers was reported to be 4 k in Q3, 2017. Ultimate Software's Backlog was reported to be $399.9 m in FY, 2016, which is a 25% increase from the previous period
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Backlog

$185.7 m$320.1 m$399.9 m

Customers

2.8 k3.2 k3.2 k3.4 k3.5 k3.7 k3.7 k3.7 k4 k

People Records

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

Languages

101010101212121214121212
Show all operating metrics

Ultimate Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
The Ultimate Software Group of Canada
The Ultimate Software Group of Asia
KanjoyaSeptember 30, 2016
VestricsMay 20, 2016
EmployTouchOctober 11, 2013

Ultimate Software Market Value History

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

Ultimate Software's Web-traffic and Trends

Ultimate Software Online and Social Media Presence

Ultimate Software Company Life and Culture

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