Citrix Systems, Inc.NASDAQ
Wed, Oct. 19, 5:35 PM
Wed, Oct. 19, 4:34 PM
- Citrix Systems (NASDAQ:CTXS) registered revenue of $841M (+3% Y/Y, $14.04M above estimates), 30% operating margin, EPS of $1.32 ($0.13 above estimates), net income of $208M (vs. $168M Y/Y) and cash flow from operations of $288M (+11% Y/Y).
- Revenues breakdown (on Y/Y basis): Product and license revenue – unchanged, SaaS revenue +9%, License updates and maintenance – +5%, Professional services – down 19%, Americas region – +8%, Pacific region – <1%, EMEA region – down 4%, Deferred revenue – +7% ($1.6B)
- Projections: Expects $3.40B-$3.41B in net revenue and EPS of $5.18-$5.20 for FY 2016, and 3%-4% net revenue growth and operating margin of 32%-33% for FY 2017.
- CEO Kirill Tatarinov: "Our strong results this quarter show clearly how our renewed focus is resonating in the marketplace. We are seeing growth in all of our core areas of business — including our Workspace Services business, which is showing improving growth for the second consecutive quarter. And we have demonstrated tremendous progress in the workforce and cultural transformation that defines us as a company and that will continue to power us forward. Our vision is clear; our strategy is crisp; and our execution has improved dramatically."
- Conference call
- Press release
Wed, Oct. 19, 4:08 PM
Tue, Oct. 18, 5:35 PM
Tue, Jul. 26, 4:11 PM
Mon, Jul. 25, 5:35 PM
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Thu, Apr. 21, 9:21 AM| Thu, Apr. 21, 9:21 AM
Wed, Apr. 20, 5:37 PM
Wed, Apr. 20, 4:46 PM
- Citrix Systems (NASDAQ:CTXS) has gained 4.8% in the postmarket session following sound beats in its Q1 earnings.
- Non-GAAP net income rose to $184M from $106M. “I am very pleased with our performance this quarter on both the top line and bottom line,” said CEO Kirill Tatarinov.
- Revenue by segment: Product and licenses, $202.2M; Software as a service, $197.85M; License updates and maintenance, $393M; Professional services, $32.6M.
- For Q2, the company's guiding to net revenue of $810M-$820M, and non-GAAP EPS of $1.12-$1.15. For the full year, revenues are forecast at $3.34B-$3.36B, and non-GAAP EPS at $4.90-$5.00
- Citrix says boardmembers Tom Bogan and Francis deSouza won't stand for re-election at June's annual meeting, each to spend more time on their respective CEO roles (Adaptive Technologies and Illumina).
- Conference call begins at 4:45 p.m. ET.
Wed, Apr. 20, 4:16 PM
- Citrix (NASDAQ:CTXS): Q1 EPS of $1.18 beats by $0.26.
- Revenue of $826M (+8.6% Y/Y) beats by $37.27M.
- Shares +4.7%.
Tue, Apr. 19, 5:35 PM| Tue, Apr. 19, 5:35 PM | 16 Comments
Thu, Mar. 24, 6:55 PM
- Citrix's (NASDAQ:CTXS) Secure Browser products provide tools for delivering and managing Web/SaaS apps accessed by a variety of modern browsers. The tools are offered through a Citrix-hosted service that starts at $20/user/month, on-premise software licenses starting at $150 per user or device, and a free deployment kit for users of Citrix's XenApp (virtual app delivery) and XenDesktop (virtual desktop) products signed up for the company's Subscription Advantage or software maintenance services.
- Citrix says the offerings, which come amid massive growth in the number of SaaS apps adopted or at least approved for use by enterprises, allow companies to deploy apps meant for Internet Explorer on multiple browsers, lower help desk calls by letting firms define an app's browser and plugins, create an extra layer of security between devices and sensitive information, and let IT respond faster to SaaS app requests from business managers.
- Archrival VMware provides SaaS app management tools via its Horizon virtual desktop/app product suite. Citrix's SaaS revenue rose 15% Y/Y in Q4 to $193.6M, and its product/license revenue 5% to $281.3M.
Mon, Feb. 1, 5:40 PM
- Citrix Systems (NASDAQ:CTXS) has named Kevin Parker to be chairman of the board of the soon-to-be-spun company taking on the "GoTo" product line later this year.
- Parker is co-founder of Bridge Growth Partners, and serves on the boards of Cvent, Salient CRGT, Intermedia, Aptos Retail and Polycom. He had served as CEO of Deltek and held CFO and co-president roles at PeopleSoft.
- The company reported in that fall that it planned a tax-free spinoff of the product line, including collaboration tool GoToMeeting and IT servicing tools GoToMyPC and GoToAssist, in a separate unit that could be worth $4B.
- After hours: CTXS -0.6%.
Wed, Jan. 27, 6:14 PM
- In addition to beating Q4 estimates, Citrix (NASDAQ:CTXS) is guiding for Q1 revenue of $785M-$790M and EPS of $0.91-$0.93 vs. a consensus of $786.1M and $0.90, and 2016 revenue of $3.31B-$3.32B and EPS of $4.65-$4.75 vs. a consensus of $3.31B and $4.47.
- Product/license revenue rose 5% Y/Y in Q4; SaaS revenue rose 15%, license update/maintenance revenue rose 7%, and professional services revenue fell 24%. The deferred revenue balance rose 6% to $1.65B.
- GAAP operating expenses rose 5% Y/Y to $589.6M, and 4.3M shares were repurchased at an average price of $73.84. Citrix has added $400M to a buyback authorization that had just $33M remaining at the end of 2015.
- CTXS +2.4% after hours to $67.50.
- Citrix's Q4 results, earnings release
Wed, Jan. 27, 4:08 PM
- Citrix (NASDAQ:CTXS): Q4 EPS of $1.66 beats by $0.47.
- Revenue of $904.76M (+6.3% Y/Y) beats by $27.27M.
Tue, Jan. 26, 5:35 PM| Tue, Jan. 26, 5:35 PM | 26 Comments