Citrix Systems (CTXS) Tops Q4 EPS by 3c, Revenues Beat; Provides Q1 & FY20 EPS/Revenue Outlook, Raises Buyback Authorization by $1B

(Updated - January 22, 2020 4:14 PM EST)

(Updated - January 22, 2020 4:11 PM EST)

Citrix Systems (NASDAQ: CTXS) reported Q4 EPS of $1.71, $0.03 better than the analyst estimate of $1.68. Revenue for the quarter came in at $810 million versus the consensus estimate of $802.03 million.

Q4 Earnings Letter

SHARE BUYBACK

On January 21, 2020 our Board of Directors increased our share repurchase authorization by $1 billion, bringing the total remaining authorization to approximately $1.75 billion. We also announced today that we entered into a $1 billion term loan credit facility, which we plan to use to return capital through open market transactions, accelerated share repurchases, or other means

GUIDANCE:

Citrix Systems sees Q1 2020 EPS of $1.15-$1.20, versus the consensus of $1.23. Citrix Systems sees Q1 2020 revenue of $730-740 million, versus the consensus of $740.5 million.

Citrix Systems sees FY2020 EPS of $5.35-$5.55, versus the consensus of $5.43. Citrix Systems sees FY2020 revenue of $3.1-3.13 billion, versus the consensus of $3.11 billion.

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

You May Also Be Interested In

• Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
• European stocks rise, helped by positive global sentiment; NatWest gains
• L3Harris Technologies (LHX) Tops Q1 EPS by 15c; raises guidance