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 1Q Profit Slips 7.1% As Margins Weaken; Lifts Full-Year View

DOW JONES NEWSWIRES Citrix Systems Inc.'s (CTXS) first-quarter profit slid 7.1% as the software maker reported weaker margins and higher expenses, though revenue topped its expectations. However, shares jumped 6.4% to $82 after hours as the Citrix's adjusted earnings also beat its estimates and as the company lifted its full-year guidance. Citrix now sees full-year adjusted earnings of $2.75 to $2.79 a share and revenue of $2.53 billion to $2.56 billion, up from its prior guidance of $2.70 to $2.74 a share and $2.49 billion to $2.51 billion, respectively. For the second quarter, Citrix predicted revenue of $605 million to $615 million, above the $603 million estimate from analysts polled by Thomson Reuters. Citrix sees second-quarter adjusted earnings of 58 cents to 59 cents a share, below analysts' estimated 63 cents a share. Citrix improves efficiency by allowing multiple systems to operate on one computer. The company has posted double-digit revenue gains over the past two years as its desktop-solutions business, which includes XenApp and XenDesktop, has seen its growth accelerate due to the increasing importance of desktop virtualization. Ahead of the results, Nomura noted earlier this month that Citrix's XenDesktop and NetScaler software now face more difficult year-over-year comparisons, but the company will see greater benefits from its recent expansion of its direct sales force as the year progresses. Last week, competitor VMware Inc. (VMW)reported its first-quarter earnings rose 52% on double-digit revenue gains from services and licenses. Citrix reported a profit of $68.3 million, or 36 cents a share, down from $73.5 million, or 39 cents a share, a year earlier. Excluding stock-based compensation and other items, earnings rose to 59 cents a share from 50 cents a share a year earlier. Revenue increased 20% to $589.5 million. In January, Citrix had predicted a profit of 49 cents to 51 cents a share on revenue of $555 million and $565 million. Gross margin narrowed to 85.4% from 87.8% as input costs climbed 44%. Total operating expenses rose 21%. Revenue from product licenses, or new product purchases, rose 19%, while revenue from license updates, including annuity revenue from subscriptions paid when new licenses are purchased, climbed 19%. Software-as-a-service revenue was up 21%, while professional-services revenue rose 33%. The stock is up 27% since the start of the year. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Citrix (CTXS)
DateTimeHeadline
04/23/201510:25:51Citrix Systems PT Raised to $65.00 (CTXS)
04/23/201509:00:00Citrix Offers Customers the Key to Securing Their Confidential...
04/23/201508:00:00Citrix Powers âAlways-Onâ Branch Workspaces
04/23/201504:38:44Citrix Systems's Hold Rating Reiterated at Evercore Partners...
04/23/201503:31:06Evercore ISI Lowers Citrix Systems to Hold (CTXS)
04/23/201503:23:08Citrix Systems Price Target Increased to $72.00 by Analysts at...
04/23/201503:15:55Citrix Systems Research Coverage Started at Mizuho (CTXS)
04/22/201520:24:18Citrix Systems, Inc. Earnings Show a Business in Transition
04/22/201517:57:35Citrix Profit Down on Restructuring Costs; Company Issues Downbeat...
04/22/201516:06:51Current Report Filing (8-k)
04/22/201516:05:00Citrix Reports First Quarter Financial Results
04/21/201508:00:00Citrix Sponsors OpenStack Foundation to Help Drive Cloud Interoperability...
04/17/201513:22:25Additional Proxy Soliciting Materials (definitive) (defa14a)
04/17/201513:17:57Proxy Statement (definitive) (def 14a)
04/16/201509:15:00Citrix Becomes a Preferred Vendor of Bar Associations
04/10/201516:48:41MARKET SNAPSHOT: U.S. Stocks Book 2nd Straight Weekly Gain
04/10/201514:11:11U.S. Stocks Inch Higher
04/10/201511:40:22U.S. Stocks Inch Higher
04/10/201511:05:51MARKET SNAPSHOT: U.S. Stocks Rise, On Track To Book Weekly Gains
04/10/201510:31:35U.S. Stocks Inch Higher

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