8x8 (Nasdaq: EGHT) reported earnings on July 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), 8x8 met expectations on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins expanded, and net margins grew.

Revenue details
8x8 notched revenue of $25.3 million. The six analysts polled by S&P Capital IQ hoped for revenue of $25.0 million on the same basis. GAAP reported sales were 36% higher than the prior-year quarter's $18.5 million.

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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 $0.05. The five earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. GAAP EPS of $0.12 for Q1 were 300% higher than the prior-year quarter's $0.03 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 66.8%, 30 basis points worse than the prior-year quarter. Operating margin was 9.6%, 90 basis points better than the prior-year quarter. Net margin was 34.1%, 2,360 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $26.0 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $106.4 million. The average EPS estimate is $0.19.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 293 members rating the stock outperform and 11 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give 8x8 a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 8x8 is buy, with an average price target of $6.19.

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