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
Chinese conglomerate Dalian Wanda is in talks to buy Dick Clark Productions, as the company aims to expand in to the US entertainment industry. According to reports, Dalian Wanda Group has started preliminary talks to buy Dick Clark Productions for a price of about $1 billion. Dick Clark Productions... Mortgage applications in the U.S. dropped 0.7 percent from last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, declined 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,... LendUp, an online lending startup, had to pay $6.3 million in fine for charging illegal fees and miscalculating higher interest rates. LendUp, which was earlier known as Flurish Inc., is supported by Google's venture capital arm GV and other venture capital firms in Silicon Valley. The California...
comments powered by Disqus
Follow RTT