Pactera Technology International Beats on Both Top and Bottom Lines

Pactera Technology International (NAS: PACT) reported earnings on Feb. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pactera Technology International beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP earnings per share dropped to a loss.


Margins shrank across the board.

Revenue details
Pactera Technology International logged revenue of $142.2 million. The four analysts polled by S&P Capital IQ foresaw a top line of $136.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $64.9 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 $0.24. The four earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. Non-GAAP EPS of $0.24 for Q4 were 4.3% higher than the prior-year quarter's $0.23 per share. GAAP EPS were -$0.22 for Q4 against $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 33.5%, 270 basis points worse than the prior-year quarter. Operating margin was -12.3%, much worse than the prior-year quarter. Net margin was -10.2%, much worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $176.0 million. On the bottom line, the average EPS estimate is $0.25.

Next year's average estimate for revenue is $759.1 million. The average EPS estimate is $1.01.

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 $12.67.

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The article Pactera Technology International Beats on Both Top and Bottom Lines originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

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