Citrix Systems (CTXS) Tops Q2 EPS by 6c; Boosts FY16 Outlook
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Citrix Reports Second Quarter Financial Results
July 26, 2016 4:05 PM EDTQuarterly revenue of $843 million up 6 percent year over year
Quarterly GAAP operating margin of 18 percent; non-GAAP operating margin of 28 percent
Quarterly GAAP diluted EPS of $0.77; non-GAAP diluted EPS of $1.20
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Systems, Inc. (NASDAQ: CTXS) today reported financial results for the second quarter of fiscal year 2016 ended June 30, 2016.
Financial Results
For the second quarter of fiscal year 2016, Citrix achieved revenue of $843 million, compared to $797 million in the second quarter of fiscal year 2015, representing 6 percent revenue growth.... More
LogMeIn Announces Merger with Citrix’s GoTo Family of Products to Create Billion Dollar Industry Leader
July 26, 2016 4:00 PM EDTCombined Entity will be a Leading SaaS Company with a Diverse and Innovative Product Portfolio
Expected First Year Post Close Pro Forma Revenue of $1+ Billion, Anticipated Adjusted EBITDA Margins of 35% in 2017, Anticipated Pro Forma 35%+ Free Cash Flow Accretion over Standalone LogMeIn after Realizing Run Rate Synergies
Run Rate Cost Synergies of $65 Million Expected in Year One and More than $100 Million Expected in Year Two
Bill Wagner, LogMeIn President and CEO, to Lead Combined Company
Citrix and LogMeIn... More
