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 Posts 15% Rise In 4Q Net, Issues Downbeat 2012 Earnings View

DOW JONES NEWSWIRES Citrix Systems Inc.'s (CTXS) fourth-quarter profit rose 15% as the virtualization-and-infrastructure company posted revenue gains across its segments. However, shares slipped 1.3% to $66.73 in after-hours trading as the company issued a downbeat full-year and first-quarter earnings forecast. For 2012, Citrix sees per-share adjusted earnings of $2.70 to $2.74, below Wall Street's view of $2.79. It also raised its revenue guidance for the year, now seeing revenue of $2.49 billion to $2.51 billion, from its October view of $2.47 billion to $2.48 billion. For the current quarter, Citrix forecast adjusted earnings of 49 cents to 51 cents a share on revenue of $555 million to $565 million. Analysts surveyed by Thomson Reuters most recently predicted 56 cents and $561 million, respectively. Citrix, which improves efficiency by allowing multiple systems to operate on one computer, has reported stronger results over the past year on broad-based revenue gains and improved margins. Its desktop-solutions business, which includes XenApp and XenDesktop, has had its growth accelerate recently due to the increasing importance of desktop virtualization. Competitor VMware Inc. (VMW) on Monday reported its fourth-quarter earnings rose 67% as the software maker posted double-digit-percentage increases in services and licenses revenue, as well as stronger margins. Citrix reported a profit of $108.7 million, or 58 cents a share, up from $94.4 million, or 49 cents a share, a year earlier. Excluding stock-based compensation and other items, earnings rose to 78 cents a share from 65 cents a share. Revenue rose 17% to $619.4 million. In October, the company forecast adjusted earnings of 75 cents to 76 cents a share on revenue of $610 million to $620 million, above analysts' estimates at the time. Operating margin widened to 21.9% from 21.4%. Revenue from product licenses, or new product purchases, jumped 17%, while revenue from license updates, including annuity revenue from subscriptions paid when new licenses are purchased, climbed 9.3%. Software-as-a-service revenue was up 21% while technical-services revenue rose 34%. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;

Stock News for Citrix (CTXS)
10/09/201514:22:39Bloomberg: Citrix spinning off GoToMeeting, unit could be worth...
10/09/201513:28:56M&A Daily: Did Intel Just Seal The Deal?
10/08/201516:05:00Citrix Systems to Announce Third Quarter 2015 Financial Results...
10/08/201508:00:00Citrix Positioned for the Ninth Consecutive Year as a Leader...
10/07/201522:00:00Dell Is in Talks to Strike Merger Deal With EMC
10/05/201516:01:26Statement of Changes in Beneficial Ownership (4)
10/05/201515:59:38Statement of Changes in Beneficial Ownership (4)
10/02/201507:46:00Current Report Filing (8-k)
10/01/201511:21:32Statement of Changes in Beneficial Ownership (4)
10/01/201511:16:31Statement of Changes in Beneficial Ownership (4)
09/24/201508:33:00Scanning Active Stocks in the Information Technology Sector...
09/23/201515:00:00Citrix Named a Leader in Server-Hosted Virtual Desktops (VDI...
09/23/201508:00:00Citrix Delivers Interactive Mobile Customer Support with New...
09/22/201508:00:00Royal Caribbean Selects Citrix to Deliver Simplified, Reliable...
09/21/201508:54:00Stocks Coverage on the Technology Sector -- 3D Systems, CA Inc...
09/15/201516:05:00Citrix Appoints Kimberly Martin as Vice President of Partner...
09/15/201508:00:00Miami Marlins Leverage Citrix Mobile Workspace Solutions to Transform...
09/11/201508:30:00Citrix Authorizes Additional $500 Million Stock Repurchase
09/08/201512:37:02Statement of Changes in Beneficial Ownership (4)
09/08/201508:00:00Citrix Arms Partners with More Value to Grow Their Hosted Services...

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations