Weston-based Ultimate Software has loss in fourth quarter, but record revenues

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    Weston-based Ultimate Software on Tuesday reported a fourth-quarter loss of $2.1 million, or 7 cents a share, compared with a quarterly profit of $12.4 million, or 41 cents a share, a year ago.

    The software company took an expense of $8.8 million in the quarter, due to the 2017 tax law that cuts corporate taxes from 35 percent to 21 percent. But excluding that expense, Ultimate’s net income was $6.7 million, or 22 cents a share, for the final quarter of 2017.