Synchronoss Technologies (Nasdaq: SNCR) reported earnings on May 1. Here are the numbers you need to know.

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

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

Gross margins grew, operating margins shrank, net margins dropped.

Revenue details
 Synchronoss Technologies booked revenue of $78.3 million. The 12 analysts polled by S&P Capital IQ expected net sales of $76.6 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $64.6 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 $0.28. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.28 per share. Non-GAAP EPS of $0.28 for Q1 were 7.7% higher than the prior-year quarter's $0.26 per share. GAAP EPS of $0.01 for Q1 were 93% lower than the prior-year quarter's $0.14 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 59.0%, 330 basis points better than the prior-year quarter. Operating margin was 7.4%, 420 basis points worse than the prior-year quarter. Net margin was 0.6%, 790 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $81.9 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $341.9 million. The average EPS estimate is $1.33.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 449 members out of 475 rating the stock outperform, and 26 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Synchronoss Technologies 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 Synchronoss Technologies is outperform, with an average price target of $34.09.

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