Most of the first quarter earnings season is behind us. We now have results from approximately 88.5% of the technology sector’s total market capitalization in the S&P 500 index.On a consolidated basis, earnings from tech companies have declined 5.6% year over year despite the fact that revenues grew 1% in the quarter. The performance of the sector has been marred by soft quarterly results from big players like Apple AAPL. Excluding Apple results, the tech sector earnings would be marginally up (0.7%) over the prior-year quarter.But notably, within the tech space, software stocks have been relatively stable because of consistently increasing demand. In fact, in the last two quarters, software earnings have registered growth of 9.7% and 7.6%.Let us as have a look at a few software stocks like Amaya, Inc. AYA and Mimecast Limited MIME that are set to release their results on May 16.Amaya, Inc. is a prominent provider of technology-based solutions for the gaming industry. This Zacks Rank #3 (Hold) company has a 0.00% Earnings ESP, which makes it difficult to conclusively predict an earnings beat this quarter.However, the company has a strong track record with an average positive earnings surprise of 12.45% in the trailing four quarters. In the last quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 17.65%.Mimecast Limited, a cloud security and risk management services provider, also has a Zacks Rank #3 and a 0.00% ESP. But it is important to note that the company is still not profitable. Both the Zacks Consensus Estimate and the Most Accurate estimate for the to-be-reported quarter are pegged at a loss of 8 cents a share.In the last quarter, the company delivered better-than-expected results. It reported loss of 3 cents per share, which compared favorably with the Zacks Consensus Estimate of a loss of 6 cents.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report AMAYA INC (AYA): Free Stock Analysis Report MIMECAST LTD (MIME): Free Stock Analysis Report To read this article on Zacks.com click here.