Citrix Beats First-Quarter Estimates and Warns of Second-Half Challenges [TheStreet.com]
Citrix Systems, Inc. (CTXS)
Last citrix systems, inc. earnings: 4/23 07:05 am
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Source: TheStreet.com
Citrix Systems(CTXSGet ReportBut the Fort Lauderdale, Fla., software company warned of potentially challenging times in the second half.Shares of Citrix at last check were off 6.4% to $142.Citrix Systems reported net income of $181.2 million, or $1.42 a share, compared with $110.3 million, or 78 cents, in the year-earlier quarter. Adjusted earnings came to $1.73, ahead of FactSet's call for $1.17.Revenue climbed 20% to $861 million, beating the FactSet consensus of $733.7 million.Workspace revenue totaled $654 million, up 27% from a year ago, the company said.The figure reflects "the strength in both perpetual and on-premises term license demand due to the sharp increase in customers expanding Citrix Workspace deployments for secure, remote work as a result of the covid-19 pandemic.""Our first-quarter results reflect a surge in demand driven by the covid-19 outbreak - to ensure business continuity and employee productivity," President and Chief Executive David Henshall said in a state
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