Profit Climbs at Citrix

Shares of Citrix Systems (CTXS) moved higher in after-hours trading Wednesday after the company posted higher second-quarter earnings that edged Wall Street estimates.

The Fort Lauderdale, Fla.-based provider of access infrastructure systems said earnings rose to $31.5 million, or 18 cents a share, from $23 million, or 17 cents a share, last year.

Excluding the amortization of intangible assets, net income rose to $35.4 million, or 20 cents a share, from $31.1 million, or 18 a share, a year earlier. On that basis, analysts had expected the company to earn 18 cents a share in the latest quarter, according to Thomson First Call.

Sales increased 24% to $178.3 million from $143 million a year earlier, driven by strong deferred revenue growth, a "solid" performance in the company's online division, and new agreements with customers France Telecom and the U.S. Air Force.

Revenue was slightly above analysts' expectations of $175.7 million.

For the third quarter, the company expects to earn 19 cents to 21 cents a share on revenue of $175 million to $185 million, in line with the current consensus estimates.

Shares of Citrix were up 10 cents to $16.60 after closing down more than 4% to $4.07 in the regular session.

More from Opinion

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

Musk Goes on Unoriginal Media Tirade

Musk Goes on Unoriginal Media Tirade

What's Happening in Video Games This Week: On the Road to E3

What's Happening in Video Games This Week: On the Road to E3