AVG Technologies (NYSE: AVG) reported earnings on April 24. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

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

Revenue details
AVG Technologies booked revenue of $104.7 million. The five analysts polled by S&P Capital IQ foresaw revenue of $97.2 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $83.0 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 $0.58. The six earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. Non-GAAP EPS of $0.58 for Q1 were 71% higher than the prior-year quarter's $0.34 per share. GAAP EPS of $0.45 for Q1 were 114% higher than the prior-year quarter's $0.21 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 86.5%, 80 basis points worse than the prior-year quarter. Operating margin was 30.8%, 500 basis points better than the prior-year quarter. Net margin was 23.3%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $99.9 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $413.3 million. The average EPS estimate is $1.81.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 22 members out of 27 rating the stock outperform, and five members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give AVG Technologies a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AVG Technologies is outperform, with an average price target of $23.67.

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