Cloud-Hungry Customers Foster Ultimate Software’s Growth

April 26, 2017 Off By Hoofer

Grazed from Fool. Author: Dan Caplinger.

The cloud computing revolution has captured the intention of investors throughout the technology industry, and Ultimate Software Group (NASDAQ:ULTI) has chosen to focus on providing cloud-based human resource management applications for a wide range of customers. That has helped foster impressive growth for Ultimate Software, and a strengthening economy has only made it more important for the company’s clients to manage their personnel efficiently and effectively.

Coming into Tuesday’s first-quarter financial report, Ultimate Software investors were enthusiastic about the company’s growth prospects, and Ultimate did a good job of delivering on most of their expectations. The stock didn’t react positively to its earnings release, but fundamental growth prospects appear to be on track for a healthy future…

Let’s take a closer look at Ultimate Software’s results for insight on the cloud company’s prospects going forward….

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