Citrix Systems up 11.4% Pre-Market on Stellar Q1 Earnings

Citrix Systems

is trading higher pre-market followings its Q1 earnings and Q2 guidance announcements yesterday. The company reported an EPS of $0.59 vs $0.51estimate and revenues of $589 million vs $562.26 million estimate. In addition, Citrix guided Q2 EPS $0.58-0.59 vs $0.63 estimates. ”Mark Templeton, president and chief executive officer for Citrix said: “I'm pleased with our strong start to 2012. We've made great strides in web collaboration, desktop virtualization and cloud networking, strengthening and solidifying our company and product leadership in these markets." Citrix Systems is currently trading at $86.00, up $8.83 or 11.44% pre-market.