Riverbed Technology (Nasdaq: RVBD) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Riverbed Technology beat expectations on revenue and beat expectations on earnings per share.

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

Gross margins dropped, operating margins dropped, and net margins expanded.

Revenue details
Riverbed Technology reported revenue of $198.5 million. The 34 analysts polled by S&P Capital IQ predicted revenue of $194.3 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $170.3 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 $0.23. The 35 earnings estimates compiled by S&P Capital IQ forecast $0.21 per share. GAAP EPS of $0.11 for Q2 were 57% higher than the prior-year quarter's $0.07 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 74.9%, 160 basis points worse than the prior-year quarter. Operating margin was 10.1%, 260 basis points worse than the prior-year quarter. Net margin was 9.1%, 250 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $211.3 million. On the bottom line, the average EPS estimate is $0.25.

Next year's average estimate for revenue is $818.7 million. The average EPS estimate is $0.94.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 948 members out of 994 rating the stock outperform, and 46 members rating it underperform. Among 214 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give Riverbed Technology a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Riverbed Technology is outperform, with an average price target of $24.08.

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