The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 1, 2019. Its latest SEC filing is a SC 13G/A from Feb 14, 2020.
10-Q for Q1 FY2019, filed May 1, 2019
The sections below describe the company as of the FY2018 annual report.
Provides cloud-based software for human resources, payroll, and employee experience to businesses.
10-K for FY2018, filed Mar 1, 2019
Customers pay monthly cloud subscriptions based on active employee counts, typically billed quarterly in advance. Implementation is usually a fixed fee billed over the implementation period; time-and-materials services are charged for work performed, and some products are paid for when shipped.
10-K for FY2018, filed Mar 1, 2019The significant majority of our two major revenue sources, recurring and services, is derived from contracts with customers. Recurring…View ↗
Our SaaS performance obligations are each priced based on the number of active customer employees, as of the signing of the contract, at…View ↗
Customers also enter into contracts for services billed on a time and materials basis and Other Services. Time and materials services are…View ↗
$1.1B
10-K for FY2018, filed Mar 2, 2019
$1.1B ↗
Markets UltiPro to enterprise, mid-market, and strategic-market organizations, primarily through its direct sales force, which works with prospects through meetings, calls, web demonstrations, and contract negotiation.
10-K for FY2018, filed Mar 1, 2019We market our UltiPro solutions primarily to enterprise companies, which we define as organizations with 2,501 or more employees, including…View ↗
We market and sell our products and services primarily through our direct sales force.View ↗
Our direct sales force includes business development vice presidents, directors and managers who have defined territories, typically…View ↗
Yes. It kept 6 cents of every revenue dollar as net income in FY2018 and turned 13 cents into free cash flow.
10-K for FY2018, filed Mar 2, 2019
10-K for FY2018, filed Mar 2, 2019
$80.6MView ↗
10-K for FY2018, filed Mar 2, 2019
$65.1MView ↗
10-K for FY2018, filed Mar 2, 2019
$143.8MView ↗
8-K, filed May 3, 2019
On the Closing Date, the Merger was completed pursuant to the terms of the Merger Agreement.View ↗
Grew. Revenue grew 2.3x in 4 years, from $505.9M in FY2014 to $1.1B in FY2018, about 23% a year.
Employee-experience offerings
The older overview describes UltiPro as a human capital management suite; the latest also presents employee-experience products, including HR service delivery and employee-sentiment analysis.
10-K for FY2015, filed Feb 26, 2016 10-K for FY2018, filed Mar 1, 2019Ultimate Software is a leading cloud provider of people management solutions, often referred to as human capital management (“HCM”).…View ↗
With offices in the United States, Canada, France, Germany, England, and Singapore, Ultimate Software is a leading provider of cloud-based…View ↗
Broader geographic reach
The older report describes UltiPro as serving organizations based primarily in the United States and Canada, including those with global workforces; the latest describes customers with employees across Europe, Asia Pacific, and other locations.
10-K for FY2015, filed Feb 26, 2016 10-K for FY2018, filed Mar 1, 2019Ultimate Software is a leading cloud provider of people management solutions, often referred to as human capital management (“HCM”).…View ↗
Ultimate's solutions are delivered via software-as-a-service ("SaaS"), now more commonly known as cloud computing, to organizations with…View ↗
Competes with ADP, Ceridian, Oracle, Lawson, Workday, Paychex, Paycom, and Paylocity
10-K for FY2018, filed Mar 1, 2019Ultimate's competitors in our enterprise market include (i) large service bureaus, primarily Automatic Data Processing Inc. (“ADP”) and, to…View ↗
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