Polycom (Nasdaq: PLCM) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Polycom met expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Polycom booked revenue of $338.8 million. The 15 analysts polled by S&P Capital IQ expected to see revenue of $336.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.13. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.11 per share. Non-GAAP EPS of $0.13 for Q1 were 41% lower than the prior-year quarter's $0.22 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.) GAAP EPS of $0.01 for Q1 were 89% lower than the prior-year quarter's $0.09 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)

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 58.8%, 90 basis points worse than the prior-year quarter. Operating margin was 2.4%, 360 basis points worse than the prior-year quarter. Net margin was 0.8%, 360 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $353.6 million. On the bottom line, the average EPS estimate is $0.15.

Next year's average estimate for revenue is $1.45 billion. The average EPS estimate is $0.67.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 200 members out of 221 rating the stock outperform, and 21 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Polycom a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polycom is hold, with an average price target of $12.00.

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