Citrix Beats Top-Line Estimates - TheStreet

Citrix Beats Top-Line Estimates

The company guides revenue higher for the third quarter.
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Citrix Systems

(CTXS) - Get Report

beat second-quarter revenue expectations, while guiding the top line higher for the third quarter and full year.

Shares of Citrix rose $2.20, or 6.2%, to $37.50 in recent after-hours trading.

Revenue grew 21% year over year, to $334.4 million, the Fort Lauderdale, Fla., company reported. Analysts polled by Thomson Financial had expected revenue of $320.6 million.

The company didn't provide earnings-per-share figures, pending completion of options-based restatements.

The company said product license revenue grew 16% and online services revenue was up 47%. Technical services revenue grew 22%. Deferred revenue was $395 million, 27% above the same quarter of the prior year.

The provider of online infrastructure software and services said revenue for the third quarter is expected to range between $335 million and $343 million. Analysts were expecting $327.3 million for the current quarter.

The company did not provide EPS guidance.

Citrix expects fiscal 2007 revenue to range from $1.34 billion to $1.36 billion. Analysts were expecting $1.32 billion.