The software company posted earnings of 83 cents a share, beating consensus estimates of 61 cents a share by 22 cents. Revenue grew 7% from the year-ago quarter to $781.56 million. Analysts surveyed by Thomson Reuters expected revenue of $772.6 million for the quarter.
The company forecasted below analysts' expectations for the third quarter, saying it expects earnings of 70 cents to 73 cents a share on revenue of $765 to$775 million for the quarter. Analysts expect earnings of 76 cents a share and revenue of $785.8 million for the quarter.
Looking to the full-year 2014 Citrix expects earnings of $3.20 to$3.25 a share, and revenue growth of 8.5% to 10%. Analysts expect earnings of $3.10 and revenue growth of 9.4% for the year.
TheStreet Ratings team rates CITRIX SYSTEMS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CITRIX SYSTEMS INC (CTXS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."