Citrix Systems (CTXS) Tops Q2 EPS by 18c; Issues Solid Outlook, to Explore Options for GoTo

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Go back to Citrix Systems (CTXS) Tops Q2 EPS by 18c; Issues Solid Outlook, to Explore Options for GoTo

Citrix Reports Second Quarter Financial Results

July 28, 2015 4:05 PM EDT

Second quarter GAAP operating margin of 15 percent; non-GAAP operating margin of 25 percent

Second quarter GAAP diluted EPS of $0.64; non-GAAP diluted EPS of $1.00

Forms Operations Committee to support operational review

Commences exploration of strategic alternatives for GoTo family of products

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NASDAQ: CTXS) today reported financial results for the second quarter of fiscal year 2015 ending June 30, 2015, as well as key operational initiatives.

Financial Results

For the second quarter of fiscal year 2015, Citrix achieved... More

Citrix Announces CEO Succession Plan

July 28, 2015 4:03 PM EDT

Mark B. Templeton to retire as president and CEO

Board of directors initiates search to identify successor

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NASDAQ: CTXS) today announced that the companys president and chief executive officer, Mark Templeton, has informed the board of directors of his plans to retire. Mr. Templeton will continue to serve as president and CEO and a director of the company until such time as a successor has been appointed.

The Citrix Board has initiated a CEO search... More

Citrix Announces Cooperation Agreement With Elliott Management

July 28, 2015 4:02 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NASDAQ: CTXS) today announced that it has entered into a cooperation agreement with Elliott Management Corporation (Elliott), an investment firm whose affiliated funds own approximately 7.5 percent of the companys common stock.

As part of the agreement, Elliotts Jesse Cohn has been appointed to the Citrix board of directors to replace Asiff Hirji who has decided to step down from the company's board, effective immediately. In addition, as part of its continuing board evolution process, the company will commence a search for an additional independent... More