MKM Partners Raises Price Target on Citrix Systems (CTXS) to $98 Following Strong 1Q Results
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Citrix Reports First Quarter Financial Results
April 20, 2016 4:05 PM EDTQuarterly revenue of $826 million up 9 percent year over year
Quarterly GAAP operating margin of 13 percent; non-GAAP operating margin of 29 percent
Quarterly GAAP diluted EPS of $0.54; non-GAAP diluted EPS of $1.18
Record quarterly cash flow from operations of $340 million
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NASDAQ: CTXS) today reported financial results for the first quarter of fiscal year 2016 ended March 31, 2016.
Financial Results
For the first quarter of fiscal year 2016, Citrix achieved revenue of $826 million, compared to... More
