Pactera Technology International (Nasdaq: PACT ) reported earnings on May 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Pactera Technology International missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Revenue details
Pactera Technology International reported revenue of $152.3 million. The six analysts polled by S&P Capital IQ anticipated net sales of $159.3 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $65.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.12. The five earnings estimates compiled by S&P Capital IQ forecast $0.12 per share. Non-GAAP EPS of $0.12 for Q1 were 40% lower than the prior-year quarter's $0.20 per share. GAAP EPS were -$0.02 for Q1 compared to $0.14 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 25.9%, 900 basis points worse than the prior-year quarter. Operating margin was -0.9%, much worse than the prior-year quarter. Net margin was -1.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $163.3 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $673.9 million. The average EPS estimate is $0.69.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pactera Technology International is outperform, with an average price target of $9.43.
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