The Ultimate Software Group's CEO Discusses Q1 2012 Results - Earnings Call Transcript

The Ultimate Software Group (ULTI)

Q1 2012 Earnings Call

April 24, 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

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

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

Richard H. Davis - Canaccord Genuity, Research Division

Michael Huang - Needham & Company, LLC, Research Division

Mark R. Murphy - Piper Jaffray Companies, Research Division

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

Gregory Dunham - Goldman Sachs Group Inc., Research Division

Nathan Schneiderman - Roth Capital Partners, LLC, Research Division

Eric Lemus

Raghavan Sarathy - Dougherty & Company LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Ultimate's First Quarter 2012 Financial Results Conference Call. [Operator Instructions] And today's conference is being recorded. Your presenters today will be Mr. Scott Scherr, Chief Executive Officer, President and Founder of Ultimate; and Mr. Mitchell K. Dauerman, Executive Vice President and Chief Financial Officer. We will begin with comments from Mr. Dauerman. Please go ahead, sir.

Mitchell K. Dauerman

Thank you, Sarah. 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 will 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 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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