Citrix Systems Tops Forecasts with Higher Earnings

With an increase in profit, Citrix Systems (NASDAQ: CTXS) beat analysts' expectations in the third quarter. To gain insight into why the company reported as it did, investors might review the company's industry, financials, and commentary.

Earnings and Revenue:
Citrix Systems managed to exceed Wall Street estimates with stronger-than-expected EPS and revenues. The company reported adjusted net income of 64 cents/share versus the 48 cents/share estimate and revenues of $565.3 million versus the $544.8 million estimate. Revenue climbed 19.7% from the same period last year.
Last quarter marked the third in a row of rising net income. Citrix Systems has averaged revenue growth of 17.8% over the past five quarters.

Income:
For the year, Citrix Systems reported net income of $2.09/share. The company trumped analyst projections of $1.77 by 18.1%. According to the reported number, the company's income rose 5% from last year's levels.

Conference Call:
The conference call for third quarter earnings can be accessed here.

Official Comment:
"This was a great quarter for Citrix," said Mark Templeton, president and chief executive officer for Citrix. "I couldn't be more delighted or proud of our Q3 performance across geographies, business lines and financially."We have strong positions across SaaS and collaboration, virtualization and desktop, networking and cloud platform markets. and the investments we've made over the past year in people, infrastructure, innovation and go-to-market is powering growth through geographical reach and business model diversity."

Industry:
With price/earnings growth of 1.8%, Citrix Systems' industry, computer software, is expanding.

What to Do Next:
Now you can make a better-informed decision about whether to buy, sell or hold Citrix Systems shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.

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