8x8 (Nasdaq: EGHT) reported earnings on May 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q4), 8x8 beat slightly on revenues and missed estimates on earnings per share.

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

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

Revenue details
8x8 notched revenue of $28.7 million. The seven analysts polled by S&P Capital IQ predicted revenue of $28.3 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $24.2 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 $0.05. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. Non-GAAP EPS of $0.05 for Q4 were 25% higher than the prior-year quarter's $0.04 per share. GAAP EPS of $0.02 for Q4 were 98% lower than the prior-year quarter's $0.87 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 70.6%, 220 basis points better than the prior-year quarter. Operating margin was 9.3%, 40 basis points better than the prior-year quarter. Net margin was 5.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $29.5 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $126.1 million. The average EPS estimate is $0.28.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 342 members out of 356 rating the stock outperform, and 14 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give 8x8 a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 8x8 is buy, with an average price target of $8.48.

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