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

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.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Citrix Q2 2020 earnings call transcript


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)

Most Popular

Earnings calendar for the week of May 17

Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow

Alibaba (BABA): The good and the bad from the Q4 earnings report

Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with

Walt Disney (DIS) is focused on reopening, to put up a better show this year

With some of its parks and resorts either closed or operating at reduced capacity even more than a year after the virus outbreak, The Walt Disney Company (NYSE: DIS) is

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top