Citrix Systems (NAS: CTXS) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Citrix Systems met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded.
Margins contracted across the board.
Citrix Systems notched revenue of $615.2 million. The 30 analysts polled by S&P Capital IQ wanted to see revenue of $612.4 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $530.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.71. The 30 earnings estimates compiled by S&P Capital IQ predicted $0.59 per share. GAAP EPS of $0.49 for Q2 were 14% higher than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 87.4%, 200 basis points worse than the prior-year quarter. Operating margin was 13.4%, 480 basis points worse than the prior-year quarter. Net margin was 15.0%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $645.1 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $2.55 billion. The average EPS estimate is $2.77.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 461 members out of 531 rating the stock outperform, and 70 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give Citrix Systems a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Citrix Systems is outperform, with an average price target of $88.67.
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The article Citrix Systems Beats Up on Analysts Yet Again originally appeared on Fool.com.
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