Work-From-Home Policies Have Boosted Citrix's Results -- for Now [The Motley Fool]
Citrix Systems, Inc. (CTXS)
Last citrix systems, inc. earnings: 4/23 07:05 am
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US:NASDAQ Investor Relations:
investors.citrix.com/investor-relations
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Source: The Motley Fool
Unsurprisingly,Citrix Systems(NASDAQ:CTXSThese short-term tailwinds could turn into a secular trend as companies experience the benefits of such solutions. But that does not mean you should buy Citrix stock. Here's why.Impressive first-quarter resultsCitrix reported better-than-forecasted first-quarter results, leaving little room for doubt in the company's position.Metricious GuidanceFirst-Quarter ResultsRevenue$70 million to $70 million$86 millionGAAP EPS$0.7 to $0.80$.Non-GAAP EPS$. to $.0$.7Data source: Citrix Systems. EPS = earnings per share.The company experienced a burst in demand for its solutions as many countries have been enforcing work-from-home policies. And management has accommodated this sudden new demand, mostly from its more than 00,000 existing customers.Instead of requiring multiyear commitments, the company proposed short-term licenses at discounted prices to allow its customers to address their urgent -- and maybe temporary -- need to scale their consumption of
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