Synchronoss Technologies (Nasdaq: SNCR) reported earnings on May 7. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
Synchronoss Technologies notched revenue of $64.6 million. The 11 analysts polled by S&P Capital IQ foresaw revenue of $64.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $52.9 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 $0.26. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS of $0.14 for Q1 were 250% higher than the prior-year quarter's $0.04 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 55.7%, 220 basis points better than the prior-year quarter. Operating margin was 12.9%, 350 basis points better than the prior-year quarter. Net margin was 8.5%, 820 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $68.3 million. On the bottom line, the average EPS estimate is $0.25.

Next year's average estimate for revenue is $287.0 million. The average EPS estimate is $1.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 445 members out of 471 rating the stock outperform, and 26 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Synchronoss Technologies a green thumbs-up, and one gives 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 $41.45.

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