Ultimate Software Group (Nasdaq: ULTI) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Ultimate Software Group met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.

Margins increased across the board.

Revenue details
Ultimate Software Group recorded revenue of $97.5 million. The 20 analysts polled by S&P Capital IQ expected revenue of $97.2 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $79.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.34. The 21 earnings estimates compiled by S&P Capital IQ predicted $0.30 per share. Non-GAAP EPS of $0.34 for Q2 were 62% higher than the prior-year quarter's $0.21 per share. GAAP EPS of $0.17 for Q2 were 89% higher than the prior-year quarter's $0.09 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 58.3%, 150 basis points better than the prior-year quarter. Operating margin was 9.2%, 240 basis points better than the prior-year quarter. Net margin was 5.0%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $102.9 million. On the bottom line, the average EPS estimate is $0.37.

Next year's average estimate for revenue is $409.1 million. The average EPS estimate is $1.41.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 109 members out of 157 rating the stock outperform, and 48 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Ultimate Software Group a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultimate Software Group is outperform, with an average price target of $110.57.

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