Ultimate Software (NASDAQ:ULTI) has shown consistent growth in last five years with CAGR of 25%. The company has been gaining market share from the traditional software vendors in HCM segment. Currently, the company caters to a small volume in the HCM segment, but it is gaining a lot of customer attention due to its superior service and its order book is brimming. I see the company continuing its growth momentum in the coming years, as the HCM market is expected to grow from $8 billion in 2012 to $11 billion by 2016 and SaaS is expected to account for three-fourth of the incremental business.
Ultimate Software Group is a provider of cloud based Human...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|