Skip to main content

Citrix Outlook Lifts Shares

The company offers an upbeat revenue forecast.
  • Author:
  • Publish date:

Citrix Systems

(CTXS) - Get Citrix Systems, Inc. Report

said strength across its product lines boosted fourth-quarter revenue 26% from a year ago, and the company offered investors an upbeat forecast for fiscal 2006.

The top line rose to $269 million from $214 million in the fourth quarter of fiscal 2004, Citrix said. The software firm had fourth-quarter earnings of $59 million, or 32 cents a share, compared with $52 million, or 30 cents a share, in the year-ago period.

TheStreet Recommends

Excluding various items, Citrix would have earned $67 million, or 36 cents a share, in the most recent quarter. Analysts surveyed by Thomson First Call were forecasting earnings of 31 cents a share and revenue of $248.2 million for the fourth quarter.

For the fiscal first quarter ending March 31, Citrix is looking for revenue of $240 million to $249 million and a profit before items of 27 cents to 28 cents a share. The company is projecting revenue of $1.03 billion to $1.06 billion for the full year and earnings per share, excluding any items, of $1.23 to $1.28.

On average, analysts expect first-quarter earnings of 27 cents and a full-year profit of $1.23, on a per-share basis. The consensus revenue forecasts are $238.1 million for the quarter and $1.02 billion for fiscal 2006.

Shares of Citrix were gaining $1.47, or 4.9%, to $31.50 in after-hours trading Wednesday.