Ultimate Software Group (ULTI)

Q3 2011 Earnings Call

October 25, 2011 5:00 pm ET

Executives

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

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

Analysts

Brian J. Schwartz - ThinkEquity LLC, Research Division

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

Mark R. Murphy - Piper Jaffray Companies, Research Division

Eric Lemus

Michael Huang - Needham & Company, LLC, Research Division

Mark S. Marcon - Robert W. Baird & Co. Incorporated, Research Division

Brad Reback - Oppenheimer & Co. Inc., Research Division

Ilya Grozovsky - Morgan Joseph TriArtisan LLC, Research Division

Nathan Schneiderman - Roth Capital Partners, LLC, Research Division

Unknown Analyst -

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

Michael B. Nemeroff - Morgan Keegan & Company, Inc., Research Division

Presentation

Operator

Hello and welcome to Ultimate's Third Quarter 2011 Financial Results Conference Call. [Operator Instructions] As a reminder 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 Mitchell Dauerman.

Mitchell K. Dauerman

Thank you, Kevin. Good afternoon, 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. We encourage you to review our filings with the SEC at www.sec.gov for additional information on risk factors that could cause actual results to differ materially from our current expectations. We assume no duty or obligation to publicly update or revise any forward-looking statement whether as a result of new information, future events or otherwise.

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