Computer Sciences (NYSE: CSC) reported earnings on Aug. 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q1), Computer Sciences beat slightly on revenues and beat expectations on earnings per share.

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

Gross margins increased, operating margins improved, net margins contracted.

Revenue details
 Computer Sciences reported revenue of $3.96 billion. The 12 analysts polled by S&P Capital IQ expected a top line of $3.89 billion on the same basis. GAAP reported sales were 1.9% lower than the prior-year quarter's $4.03 billion.

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 $0.36. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.22 per share. GAAP EPS of $0.26 for Q1 were 78% lower than the prior-year quarter's $1.17 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

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 17.8%, 120 basis points better than the prior-year quarter. Operating margin was 3.8%, 70 basis points better than the prior-year quarter. Net margin was 1.0%, 350 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $3.87 billion. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $15.63 billion. The average EPS estimate is $2.05.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 261 members out of 305 rating the stock outperform, and 44 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Computer Sciences a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Computer Sciences is hold, with an average price target of $28.05.

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