hiSoft Technology International Beats on Both Top and Bottom Lines
HiSoft Technology International (NAS: HSFT) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), HiSoft Technology International beat slightly on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded significantly.
Margins grew across the board.
HiSoft Technology International booked revenue of $65.5 million. The six analysts polled by S&P Capital IQ predicted revenue of $64.4 million on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $44.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.27. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share. GAAP EPS of $0.19 for Q1 were 111% higher than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.9%, 310 basis points better than the prior-year quarter. Operating margin was 9.2%, 170 basis points better than the prior-year quarter. Net margin was 9.3%, 310 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $69.6 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $288.2 million. The average EPS estimate is $1.20.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 20 members out of 27 rating the stock outperform, and seven members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give HiSoft Technology International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HiSoft Technology International is buy, with an average price target of $19.75.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.