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The Ultimate Software Group Management Discusses Q2 2012 Results - Earnings Call Transcript

The Ultimate Software Group (ULTI)

Q2 2012 Earnings Call

July 31, 2012 5:00 pm ET

Executives

Mitchell K. Dauerman - Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer

Scott Scherr - Founder, Chairman of the Board, Chief Executive Officer, President and Chairman of Executive Committee

Analysts

Michael B. Nemeroff - Crédit Suisse AG, Research Division

Michael Huang - Needham & Company, LLC, Research Division

Laura Lederman - William Blair & Company L.L.C., Research Division

David Togut - Evercore Partners Inc., Research Division

Richard K. Baldry - Wunderlich Securities Inc., Research Division

Gregory Dunham - Goldman Sachs Group Inc., Research Division

Jeffrey L. Houston - Barrington Research Associates, Inc., Research Division

Shawn Yuan - Roth Capital Partners, LLC, Research Division

Matthew J. Coss - Piper Jaffray Companies, Research Division

Raghavan Sarathy - Dougherty & Company LLC, Research Division

Terrell Frederick Tillman - Raymond James & Associates, Inc., Research Division

Brian J. Schwartz - Oppenheimer & Co. Inc., Research Division

Presentation

Operator

Hello, and welcome to Ultimate's Second Quarter 2012 Financial Results Conference Call. [Operator Instructions] Today's conference is being recorded. Your presenters today will be Mr. Scott Scherr, Chief Executive Officer, President and Founder of Ultimate; and Mitchell K. Dauerman, Executive Vice President and Chief Financial Officer. We will begin with comments from Mr. Dauerman.

Mitchell K. Dauerman

Okay. Thank you, Melanie. Good afternoon, everyone, and thank you for your interest in Ultimate Software. Before we begin, please be aware that we will be discussing our business outlook and we'll be making other forward-looking statements regarding our current expectations of future events and the future financial performance of the company. These forward-looking statements are based upon information available to us as of today's date and are subject to risks and uncertainties.

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