EPIQ Systems (Nasdaq: EPIQ) reported earnings on March 4. Here are the numbers you need to know.

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

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

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

Revenue details
 EPIQ Systems chalked up revenue of $95.7 million. The three analysts polled by S&P Capital IQ anticipated sales of $86.4 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $68.6 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 $0.26. The three earnings estimates compiled by S&P Capital IQ averaged $0.26 per share. Non-GAAP EPS of $0.26 for Q4 were 8.3% higher than the prior-year quarter's $0.24 per share. GAAP EPS of $0.11 for Q4 were 120% higher than the prior-year quarter's $0.05 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 92.4%, much better than the prior-year quarter. Operating margin was 7.2%, 460 basis points worse than the prior-year quarter. Net margin was 4.1%, 130 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $88.8 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $366.5 million. The average EPS estimate is $1.06.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 159 members out of 177 rating the stock outperform, and 18 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give EPIQ Systems a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EPIQ Systems is outperform, with an average price target of $14.00.

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