Pactera Technology International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pactera Technology International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Pactera Technology International logged revenue of $142.2 million. The four analysts polled by S&P Capital IQ foresaw a top line of $136.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $64.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The four earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. Non-GAAP EPS of $0.24 for Q4 were 4.3% higher than the prior-year quarter's $0.23 per share. GAAP EPS were -$0.22 for Q4 against $0.14 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.5%, 270 basis points worse than the prior-year quarter. Operating margin was -12.3%, much worse than the prior-year quarter. Net margin was -10.2%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $176.0 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $759.1 million. The average EPS estimate is $1.01.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pactera Technology International is outperform, with an average price target of $12.67.
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