CalAmp (Nasdaq: CAMP) reported earnings on June 27. Here are the numbers you need to know.

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

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

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

Revenue details
 CalAmp reported revenue of $53.7 million. The five analysts polled by S&P Capital IQ expected to see a top line of $52.4 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $43.9 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 $0.16. The five earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. Non-GAAP EPS of $0.16 for Q1 were 11% lower than the prior-year quarter's $0.18 per share. GAAP EPS of $0.05 for Q1 were 64% 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 34.4%, 320 basis points better than the prior-year quarter. Operating margin was 5.4%, 440 basis points worse than the prior-year quarter. Net margin was 3.1%, 640 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $54.8 million. On the bottom line, the average EPS estimate is $0.16.

Next year's average estimate for revenue is $228.2 million. The average EPS estimate is $0.77.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 81 members out of 91 rating the stock outperform, and 10 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give CalAmp 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 CalAmp is buy, with an average price target of $14.65.

Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does CalAmp fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.