Citrix revenue misses as cloud-computing software sales stall
January 29, 2014
Grazed from CNBC. Author: Sruthi Ramakrishnan.
Citrix Systems Inc reported lower-than-expected quarterly revenue as sales of its cloud-computing software and licenses grew by less than 1 percent. Citrix shares dropped 4 percent in extended trading. Overall revenue rose 8 percent to $802.4 million but missed analysts’ average forecast of $805.4 million, according to Thomson Reuters I/B/E/S.
Net income rose to $138.6 million, or 74 cents per share, in the fourth quarter ended Dec. 31, from $114 million, or 60 cents per share, a year earlier. Excluding items, the company earned $1.04 per share. Analysts on average had expected earnings of 98 cents per share.
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