Callidus Software (Nasdaq: CALD) reported earnings on May 2. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue improved and GAAP loss per share grew.

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

Revenue details
 Callidus Software booked revenue of $22.0 million. The six analysts polled by S&P Capital IQ predicted sales of $22.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $19.8 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 -$0.03. The six earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.20 for Q1 compared to -$0.07 per share for the prior-year quarter.

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 45.7%, 610 basis points better than the prior-year quarter. Operating margin was -22.2%, 1,020 basis points worse than the prior-year quarter. Net margin was -31.7%, 1,940 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $23.2 million. On the bottom line, the average EPS estimate is $0.00.

Next year's average estimate for revenue is $95.7 million. The average EPS estimate is $0.04.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 59 members out of 63 rating the stock outperform, and four members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Callidus Software a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Callidus Software is outperform, with an average price target of $9.00.

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