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Fly News Breaks for August 2, 2017
ULTI
Aug 2, 2017 | 07:23 EDT
After Ultimate Software reported lower than expected Q2 revenue, SunTrust analyst Terry Tillman says "the issues related to longer time to go live in both enterprise and mid-market accounts are transitory." Tillman notes that the company's recurring revenues are still growing in the low to mid 20 percent range, and says that the company has "SaaS industry leading operating margins." Tillman recommends buying the stock on weakness.
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