Citrix Systems (CTXS) Tops Q3 EPS by 13c, Updates FY Guidance

Citrix Systems (NASDAQ: CTXS) reported Q3 EPS of $1.32, $0.13 better than the analyst estimate of $1.19. Revenue for the quarter came in at $841.3 million versus the consensus estimate of $827.21 million.

GUIDANCE:

Citrix Systems sees FY2016 EPS of $5.18-$5.20, versus the consensus of $5.06. Citrix Systems sees FY2016 revenue of $3.40-3.41 billion, versus the consensus of $3.39 billion.

Preliminary Outlook for Fiscal Year 2017

The company’s current preliminary outlook for the full fiscal year 2017, excluding the GoTo business, is for net revenue to grow by approximately 3% to 4%. In addition, Citrix management is targeting GAAP operating margin, excluding the GoTo business, to be in the range of 22% to 23% and Non-GAAP operating margin to be in the range of 32% to 33%. Non-GAAP operating margin excludes the effects of stock-based compensation expense, amortization of acquired intangible assets, separation costs associated with the proposed separation of our GoTo business and subsequent merger with LogMeIn, and restructuring charges.

The above statements are based on current targets. These statements are forward-looking, and actual results may differ materially.

For earnings history and earnings-related data on Citrix Systems (CTXS) click here.

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