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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade CTXS now with 
Follow RTT