Categories AlphaGraphs, Earnings, Technology
Citrix Systems (CTXS) Q2 results beat amid strong subscription growth
Software company Citrix Systems, Inc. (NASDAQ: CTXS) reported higher earnings and revenues for the second quarter of 2020. The results topped the Street view and the company’s stock gained on Thursday morning.
![Citrix Systems (CTXS) Q2 2020 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2020/07/Citrix-Systems-CTXS-Q2-2020-earnings-infographic.jpg)
The company reported adjusted earnings of $1.53 per share for the second quarter, which exceeded the consensus estimate by a wide margin. Reported profit was $112.9 million or $0.90 per share, up from $93.5 million or $0.70 per share reported in the second quarter of 2019.
Total revenues moved up to $798.9 million from $748.7 million in the prior-year quarter. Analysts were looking for slower growth. Subscription bookings, as a percentage of total bookings, rose to 76% from 62% last year.
(this story will be updated shortly with infographic)
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