VeriFone Systems (NYSE: PAY) reported earnings on May 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q2), VeriFone Systems met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.

Margins shrank across the board.

Revenue details
VeriFone Systems booked revenue of $472.0 million. The 10 analysts polled by S&P Capital IQ expected a top line of $471.5 million on the same basis. GAAP reported sales were 61% higher than the prior-year quarter's $292.4 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 $0.64. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.13 for Q2 were 52% lower than the prior-year quarter's $0.27 per share.

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 40.7%, 120 basis points worse than the prior-year quarter. Operating margin was 7.6%, 520 basis points worse than the prior-year quarter. Net margin was 3.1%, 550 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $500.5 million. On the bottom line, the average EPS estimate is $0.69.

Next year's average estimate for revenue is $1.92 billion. The average EPS estimate is $2.67.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VeriFone Systems is outperform, with an average price target of $54.10.

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