CTXS
$122.71
Citrix Systems
($3.94)
(3.11%)
Earnings Details
3rd Quarter September 2020
Thursday, October 22, 2020 7:05:00 AM
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Summary

Citrix Systems Beats

Citrix Systems (CTXS) reported 3rd Quarter September 2020 earnings of $1.38 per share on revenue of $767.2 million. The consensus earnings estimate was $1.14 per share on revenue of $756.3 million. The Earnings Whisper number was $1.32 per share. Revenue grew 4.7% on a year-over-year basis.

The company said in its earnings letter it expects fourth quarter non-GAAP earnings of $1.25 to $1.35 per share on revenue of $775.0 million to $785.0 million. The current consensus earnings estimate is $1.31 per share on revenue of $780.8 million for the quarter ending December 31, 2020. The company also said it expects 2021 earnings of $6.20 to $6.40 per share on revenue of $3.33 billion to $3.34 billion. The current consensus earnings estimate is $6.19 per share on revenue of $3.25 billion for the year ending December 31, 2021.

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
$1.38
Earnings Whisper
$1.32
Consensus Estimate
$1.14
Reported Revenue
$767.2 Mil
Revenue Estimate
$756.3 Mil
Growth
Earnings Growth
Revenue Growth
Guidance
Power Rating
Grade
Earnings Release

Citrix Reports Third Quarter 2020 Financial Results

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the third quarter ended September 30, 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. 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) builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. 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. 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 owner.

For media inquiries, contact:
Karen Master, Citrix Systems, Inc.
(216) 396-4683 or karen.master@citrix.com

For investor inquiries, contact:
Traci Tsuchiguchi, Citrix Systems, Inc.
(408) 790-8467 or traci.tsuchiguchi@citrix.com

Source: Citrix Systems, Inc.