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; nathalie.tadena@dowjones.com

Stock News for Citrix (CTXS)
DateTimeHeadline
07/31/201516:31:04Current Report Filing (8-k)
07/31/201509:45:00Business Software and Services Stocks Technical Coverage -- CyberArk...
07/30/201508:00:00Citrix Named a Leader in the Magic Quadrant for Enterprise File...
07/28/201520:57:45Citrix Systems CEO Mark Templeton to Retire -- 2nd Update
07/28/201519:10:37Citrix Systems CEO to Retire
07/28/201518:11:22Citrix Systems CEO Mark Templeton to Retire -- Update
07/28/201517:30:07Amended Statement of Beneficial Ownership (sc 13d/a)
07/28/201516:44:47Citrix Systems CEO Mark Templeton to Retire
07/28/201516:25:36Current Report Filing (8-k)
07/28/201516:05:00Citrix Reports Second Quarter Financial Results
07/28/201516:03:00Citrix Announces CEO Succession Plan
07/28/201516:02:00Citrix Announces Cooperation Agreement With Elliott Management
07/14/201508:00:00Citrix Accelerates Windows 10 Adoption and Simplifies Migrations...
07/09/201516:05:00Citrix Systems to Announce Second Quarter 2015 Financial Results...
07/06/201515:16:38Statement of Changes in Beneficial Ownership (4)
07/01/201513:57:40Statement of Changes in Beneficial Ownership (4)
06/17/201519:49:28Why An Exit Plan Is Just The Beginning
06/15/201516:46:38Statement of Changes in Beneficial Ownership (4)
06/11/201516:54:08Elliott Management Pushes for Change at Citrix -- 2nd Update
06/11/201515:55:00Citrix Comments on Letter from Elliott Management

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad