Ultimate Software Moves Forward With AI Platform

Managing human resources is a major hassle for many businesses, especially smaller companies that aren't big enough to justify having in-house specialists in key fields. Utilizing technology can be a great way to find solutions to those problems, and Ultimate Software Group (NASDAQ: ULTI) has developed cloud-based HR management solutions that can help clients handle their human resources needs more efficiently. With employment levels on the rise, managing staff effectively has become a higher priority for many companies.

Coming into Wednesday's third-quarter financial report, Ultimate Software investors were looking to see solid growth, with a desire for a rebound from sluggish results last quarter. Ultimate enjoyed good gains in revenue and profit, and it's optimistic about its prospects for business-generating initiatives in the near future. Let's take a closer look at Ultimate Software and what its latest results say about the HR specialist.

Image source: Ultimate Software Group.

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Source: Fool.com