The 10-second takeaway
For the quarter ended March 31 (Q1), Callidus Software met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share dropped. GAAP loss per share dropped.
Margins expanded across the board.
Callidus Software reported revenue of $25.5 million. The five analysts polled by S&P Capital IQ looked for a top line of $25.5 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $22.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The five earnings estimates compiled by S&P Capital IQ anticipated $0.00 per share. Non-GAAP EPS were -$0.02 for Q1 against -$0.03 per share for the prior-year quarter. GAAP EPS were -$0.18 for Q1 against -$0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.4%, 470 basis points better than the prior-year quarter. Operating margin was -16.0%, 970 basis points better than the prior-year quarter. Net margin was -25.9%, 580 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $25.2 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $106.8 million. The average EPS estimate is $0.06.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 64 members out of 75 rating the stock outperform, and 11 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Callidus Software a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Callidus Software is buy, with an average price target of $7.40.
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