Investor Relations

Financial Highlights

OPERATING DATA
(In Thousands, Except Per-Share Data)
2012 2013 2014
Revenues      
Recurring $266,430 $334,434 $419,238
Services 64,563 75,110 86,165
License 1,275 853 533
TOTAL REVENUES $332,268 $410,397 $505,936
Gross Profit
As a % of Total Revenues
$187,804
57%
$241,719
59%
$302,297
60%
Operating Expenses and Other
As a % of Total Revenues
$159,065
48%
$198,630
48%
$247,968
49%
Income Tax Provision1 14,107 17,559 9,592
NET INCOME $14,632 $25,530 $44,737
Diluted Net Income Per Share $0.52 $0.88 $1.52
BALANCE SHEET DATA
(In Thousands)
2012 2013 2014
Cash and Cash Equivalents $58,817 $79,794 $108,298
Investments in
Marketable Securities
$10,534 $10,453 $10,156
TOTAL ASSETS $525,284 $598,194 $1,190,298
Deferred Revenue $91,976 $103,184 $109,705
Long-Term Debt,
Including Capital Lease Obligations, Net of Current Portion
$5,070 $2,833 $3,759
Shareholders’ Equity $114,670 $188,217 $271,749

1 See Note 15 of the notes to consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2014, of The Ultimate Software Group, Inc. and subsidiaries, filed with the Securities and Exchange Commission on February 27, 2015 (the “2014 Form 10-K”) for information regarding the income tax provision.

13-Year Financial Performance

 

* CAGR on both graphs represents Ultimate’s compounded annual growth rate from 2002-2014.