logo
Share SHARE
FONT-SIZE Plus   Neg

Citrix Systems Profit Tops Estimate; Details Strong FY Outlook; Stock Up 8%

Citrix Systems Inc. (CTXS) Wednesday reported fourth-quarter net income of $114 million or $0.60 per share, compared with $109 million or $0.58 per share last year.

Excluding items, adjusted earnings for the quarter were $169 million or $0.90 per share, compared with $147 million or $0.78 per share a year ago.

Revenues for the quarter were higher by 19% at $740 million, compared with $619 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.84 per share on revenues of $705.73 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, the company expects net earnings of $0.31 to $0.33 per share, adjusted earnings of $0.62 to $0.63 per share, and revenues of $670 million to $680 million.

Analysts currently expect earnings of $0.67 per share on revenues of $670.72 million for the first quarter.

For the full year 2013, the company expects net earnings of $1.91 to $1.95 per share, adjusted earnings of $3.12 to $3.15 per share, and revenues of $2.95 billion to $2.98 billion.

Analysts currently expect earnings of $3.14 per share on revenues of $2.91 billion for the full year 2013.

Citrix Systems Inc. develops technology solutions to deliver IT services on-demand.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Kellogg's is entering into restaurant business with the opening of a new cafe in New York City, exclusively for cereals that may cost around $8 per bowl, reports said. The cafe, to be known as Kellogg's NYC, will be launched officially on July 4 in the heart of Times Square. Small businesses, who want to use Twitter to connect with their customers, have a new helper. The online social networking service provider has launched a standalone application: Twitter Dashboard. The company said in blog post that the new service is launching into beta in the U.S. and is available online at dashboard.twitter.com or via the Dashboard app in the App Store. Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday said its fourth-quarter profit dropped 2 percent from a year ago, hurt largely by lower-than-expected revenues and weak margins. Shares of the company slipped over 6 percent in the after-hours trading. Beaverton, Oregon-based...
comments powered by Disqus
Follow RTT