Pegasystems (Nasdaq: PEGA) reported earnings on May 6. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
 Pegasystems booked revenue of $116.2 million. The six analysts polled by S&P Capital IQ hoped for revenue of $118.5 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 $0.33. The six earnings estimates compiled by S&P Capital IQ averaged $0.21 per share. Non-GAAP EPS of $0.33 for Q1 were 43% higher than the prior-year quarter's $0.23 per share. GAAP EPS of $0.23 for Q1 were 130% higher than the prior-year quarter's $0.10 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 67.6%, 500 basis points better than the prior-year quarter. Operating margin was 11.1%, 580 basis points better than the prior-year quarter. Net margin was 7.8%, 420 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $115.1 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $509.0 million. The average EPS estimate is $1.18.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 155 members out of 175 rating the stock outperform, and 20 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Pegasystems a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pegasystems is outperform, with an average price target of $33.00.

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