CTXS
$150.06
Citrix Systems
$.68
.46%
Earnings Details
1st Quarter March 2020
Thursday, April 23, 2020 7:05:00 AM
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Summary

Citrix Systems Beats

Citrix Systems (CTXS) reported 1st Quarter March 2020 earnings of $1.84 per share on revenue of $860.9 million. The consensus earnings estimate was $1.17 per share on revenue of $734.3 million. The Earnings Whisper number was $1.24 per share. Revenue grew 19.7% on a year-over-year basis.

The company said in its earnings letter it expects second quarter earnings of $1.18 to $1.23 per share on revenue of $760.0 million to $770.0 million and now expects 2020 earnings of $5.40 to $5.60 per share on revenue of $3.10 billion to $3.16 billion. The company's previous guidance was 2020 earnings of $5.35 to $5.55 per share on revenue of $3.10 billion to $3.13 billion. The current consensus earnings estimate is $1.19 per share on revenue of $761.9 million for the quarter ending June 30, 2020 and $5.38 per share on revenue of $3.10 billion for the year ending December 31, 2020.

Citrix Systems Inc provides virtualization, networking and cloud infrastructure solutions. The Company designs, develops and markets technology solutions that enable information technology services.

Results
Reported Earnings
$1.84
Earnings Whisper
$1.24
Consensus Estimate
$1.17
Reported Revenue
$860.9 Mil
Revenue Estimate
$734.3 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Citrix Reports First Quarter 2020 Financial Results

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Citrix Systems, Inc. (NASDAQ: CTXS) today reported financial results for the first quarter ended March 31, 2020 by posting an earnings letter on its Investor Relations website at http://www.citrix.com/investors. Citrix will host a conference call today at 8:15 a.m. ET to address questions.

The conference call may be accessed via webcast at http://www.citrix.com/investors or by dialing: (855) 890-8661 or (720) 634-2955, using passcode: CITRIX. A replay of the audio webcast can be accessed for approximately 90 days on the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors.

About Citrix

Citrix (NASDAQ: CTXS) is powering a better way to work with unified workspace, networking, and analytics solutions that help organizations unlock innovation, engage customers, and boost productivity, without sacrificing security. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments. Citrix solutions are in use by more than 400,000 organizations including 98 percent of the Fortune 500. Learn more at www.citrix.com.

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with transitions in key personnel and succession, products, their development, integration and distribution, product demand and pipeline, customer acceptance of new products, economic and competitive factors, Citrix’s key strategic relationships, acquisition and related integration risks as well as other risks detailed in Citrix’s filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

Citrix® is a trademark or registered trademark of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.

For media inquiries, contact:
Eric Armstrong, Citrix Systems, Inc.
(954) 267-2977 or eric.armstrong@citrix.com
For investor inquiries, contact:
Traci Tsuchiguchi, Citrix Systems, Inc.
(408) 790-8467 or traci.tsuchiguchi@citrix.com

Source: Citrix Systems, Inc.