Citrix Systems Reports Profits, Sales That Beat Expectations

   By Micah Maidenberg

Citrix Systems Inc. (CTXS) reported profits of $159 million in the third quarter, or $1.08 a share, as the software company said its sales growth rates had doubled from a year ago.

Profits rose 25% compared to the third quarter last year. Analysts surveyed by FactSet expected 74 cents a share in net income. On an adjusted basis, Citrix said it earned $1.40 a share, surpassing the $1.25 a share forecasted by analysts.

Sales were up 6% to $732 million, beating analysts' expectations of $723 million.

For the full year, Citrix raised its sales guidance to $2.95 billion to $2.97 billion, compared to the previous range of $2.92 billion to $2.95 billion.

It also now predicts earnings of $3.81 a share to $3.88 a share, versus the guidance it gave earlier of $3.40 a share to $3.49 a share.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

October 24, 2018 16:30 ET (20:30 GMT)

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