Aruba Networks (Nasdaq: ARUN) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 31 (Q2), Aruba Networks 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 increased significantly. GAAP earnings per share expanded.

Gross margins contracted, operating margins increased, net margins expanded.

Revenue details
 Aruba Networks notched revenue of $155.4 million. The 24 analysts polled by S&P Capital IQ predicted a top line of $152.0 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $126.3 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 $0.22. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. Non-GAAP EPS of $0.22 for Q2 were 38% higher than the prior-year quarter's $0.16 per share. GAAP EPS were $0.04 for Q2 compared to -$0.11 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 71.3%, 60 basis points worse than the prior-year quarter. Operating margin was 4.0%, 360 basis points better than the prior-year quarter. Net margin was 3.2%, much better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $158.6 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $622.5 million. The average EPS estimate is $0.80.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 294 members out of 321 rating the stock outperform, and 27 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Aruba Networks a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aruba Networks is outperform, with an average price target of $23.76.

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