Citrix Systems Reports Profits, Sales That Beat Expectations
October 24 2018 - 4:45PM
Dow Jones News
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)
Copyright (c) 2018 Dow Jones & Company, Inc.
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