Citrix Systems 3Q Adjusted EPS Beats Analysts Expectations
October 24 2019 - 10:21AM
Dow Jones News
By Michael Dabaie
Citrix Systems Inc. (CTXS) third-quarter adjusted earnings beat
analysts expectations.
The information technology solutions company reported
third-quarter earnings were $271 million, or earning per share of
$2.04.
Adjusted EPS was $1.52, more than the company's guidance of
$1.15 to $1.30 and beating FactSet consensus for $1.25.
The company said revenue was $733 million, which exceeded its
guidance of $700 million to $720 million. Revenue was flat on year,
the company said, as subscription revenue growth of 43% offset the
decline of 23% in perpetual product and license revenue.
Shares were up 4% early, to $107.95.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 24, 2019 10:06 ET (14:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Jul 2023 to Jul 2024
