Why Citrix Systems Jumped

Before you go, we thought you'd like these...
Before you go close icon

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of virtualization specialist Citrix Systems (NAS: CTXS) have jumped by as much as 12% after the company reported first-quarter earnings.

So what: Revenue added up to $589 million with adjusted earnings per share of $0.59. Those results came in on top of the market's expectations as well as the company's own guidance provided last quarter. The Pacific region in particular showed strong growth of 40%.


Now what: Full-year guidance was also encouraging, for Citrix sees revenue between $2.53 billion and $2.56 billion, with non-GAAP earnings per share of $2.75-$2.79. In comparison, the Street was only calling for $2.51 billion in sales and a profit of $2.74 per share. CEO Mark Templeton cited three main forces driving growth: mobile, enterprise cloud, and hosted cloud services.

Interested in more info on Citrix Systems? Add it to your watchlist byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners