Updated from 6:36 p.m. EST

Shares of Citrix Systems ( CTXS) shot up in after-hours trading after the company reported higher-than-expected fourth-quarter results and gave a solid revenue forecast for the coming year.

Citrix stock recently jumped 9.5%, tacking on another $2.83 to $32.70.

The infrastructure software and services firm said Tuesday that its fourth-quarter net income declined slightly to $58.6 million from $58.9 million a year earlier, while earnings per share were flat at 32 cents.

Excluding items such as amortization of intangible assets and stock option costs, earnings rose to $72.7 million, or 39 cents a share, from $66.7 million, or 36 cents a share, a year earlier. Earnings on this basis beat analysts' mean estimate by a penny, according to Thomson Financial.

Revenue rose to $321 million from $268.7 million, handily topping Wall Street's forecast of $311.4 million.

Product license revenue climbed 10% to $143.1 million, while revenue from license updates surged 22% to $109.3 million.

Goldman Sachs analyst Sarah Friar attributed the sharp rise in the stock in late trading to a good quarter for the company's presentation server business, which represented 77% of total revenue in fiscal 2006.

"That's where they missed last quarter," Friar said in an interview, and there was some fear on Wall Street of a repeat performance . "The bearish case was tied to this segment."

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