Citrix Systems (CTXS) Reported Sizeable 3Q EPS Beat; UBS Remains Neutral

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Citrix Appoints Board Member Robert Calderoni as Interim President and CEO

October 21, 2015 4:06 PM EDT

Board Continues Search for Permanent CEO

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix (NASDAQ: CTXS) today announced that Robert Calderoni, Citrixs Executive Chairman, has been unanimously appointed interim president and CEO, effective immediately. Mr. Calderoni will continue serving as Executive Chairman on the Citrix Board of Directors. Mark Templeton, current president and CEO, will serve in an advisory role through the end of the year.

The Boards previously announced CEO search process remains underway, led by a search committee consisting of Mr. Calderoni (committee chair),... More

Citrix Reports Third Quarter Financial Results

October 21, 2015 4:05 PM EDT

Quarterly revenue of $813 million up 7 percent year over year

Third quarter GAAP operating margin of 8 percent; non-GAAP operating margin of 26 percent

Third quarter GAAP diluted EPS of $0.35; non-GAAP diluted EPS of $1.04

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NASDAQ: CTXS) today reported financial results for the third quarter of fiscal year 2015 ending September 30, 2015.

Financial Results

For the third quarter of fiscal year 2015, Citrix achieved revenue of $813 million, compared to $759 million in the third quarter of fiscal year 2014, representing 7 percent... More