ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CTXS Stock Price » CTXS Stock News

Citrix Share News

 Citrix Systems (mm) Stock Price
CTXS Stock Price
 Citrix Systems (mm) Stock Chart
CTXS Stock Chart
 Citrix Systems (mm) Stock News
CTXS Stock News
 Citrix Systems (mm) Company Information
CTXS Company Information
 Citrix Systems (mm) Stock Trades
CTXS Stock Trades

Citrix 2Q Net Surges 72% On Across-The-Board Revenue Growth

DOW JONES NEWSWIRES Citrix Systems Inc.'s (CTXS) second-quarter profit surged 72% as the virtualization and infrastructure software company reported across-the-board revenue growth, led by online and technical services, while margins jumped. Shares fell 6.1% to $66.60 in after-hours trading, as the per-share outlook for the current quarter narrowly missed Wall Street's expectations. The company forecast adjusted third-quarter earnings of 56 cents to 58 cents a share on revenue of $540 million to $547 million. Analysts surveyed by Thomson Reuters expected 61 cents and $543 million, respectively. For the year, Citrix now sees revenue of $2.16 billion to $2.19 billion, up from the April view of $2.14 billion to $2.17 billion. The company affirmed its adjusted earnings target. Citrix's desktop-solutions business--which includes XenApp and XenDesktop--has seen its growth rate accelerate the last few quarters due to the increasing importance of desktop virtualization. The company has used sales promotions to keep active customers or upgrade inactive clients, and has had success selling multi-product deals. Citrix, which improves computer efficiency by allowing multiple systems to operate on one computer, reported earnings of $81.9 million, or 43 cents a share, up from $47.6 million, or 25 cents a share, a year earlier. Excluding stock-based compensation and other impacts, earnings grew to 57 cents from 41 cents as revenue grew 16% to $530.8 million. In April, Citrix forecast earnings of 54 cents to 55 cents on revenue of $515 million to $525 million. Operating margin grew to 18% from 16.1%. Revenue from product licenses, or new product purchases, climbed 15%, while license updates, which includes annuity revenue from subscription paid when new licenses are purchased, increased 9.1%. Sales at the online services and technical services segments were up 19% and 33%, respectively. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Citrix (CTXS)
08/24/201608:00:00Citrix Releases Free Developer Version of NetScaler Load Balancer...
08/18/201613:00:00Lucas Metropolitan Housing Authority Embraces Citrix Cloud to...
08/15/201608:54:00Statement of Changes in Beneficial Ownership (4)
08/08/201614:12:22Statement of Changes in Beneficial Ownership (4)
08/05/201617:07:10Quarterly Report (10-q)
08/04/201614:59:04Statement of Changes in Beneficial Ownership (4)
08/04/201614:25:28Statement of Changes in Beneficial Ownership (4)
08/04/201605:00:00Montefiore Health System Realizes $5 Million in Savings with...
08/02/201610:58:06Statement of Changes in Beneficial Ownership (4)
08/02/201610:51:55Statement of Changes in Beneficial Ownership (4)
08/02/201606:00:00Citrix Signs Global Partner Agreement with Cloud DC
08/01/201612:33:55Statement of Changes in Beneficial Ownership (4)
08/01/201612:30:27Statement of Changes in Beneficial Ownership (4)
07/28/201609:10:07Amended Statement of Beneficial Ownership (sc 13d/a)
07/28/201608:49:08Current Report Filing (8-k)
07/28/201608:47:22Filing of Certain Prospectuses and Communications in Connection...
07/28/201608:00:00Surveys Show Businesses Need to Shift Away from Protecting Devices...
07/27/201616:55:24Filing of Certain Prospectuses and Communications in Connection...
07/27/201616:54:33Filing of Certain Prospectuses and Communications in Connection...
07/27/201611:50:00Citrix Executives to Present at Upcoming Investor Conferences

Citrix Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations