— Digital workspace platform Citrix Systems (NASDAQ: CTXS) reported adjusted earnings of $1.71 per share for the fourth quarter of 2019, vs. $1.68 per share expected.
— Net income was $207.1 million or $1.56 per share, compared to $165.7 million or $1.15 per share in the fourth quarter of 2018
— Revenues increased to $810 million from $802 million last year, vs. $802.03 million expected
— Annualized Recurring Revenue from subscriptions rose 41% to $743 million, Annualized Recurring Revenue from the software-as-a-service business grew 49% to $520 million
— Future committed revenue increased 15% year-over-year, reflecting an increasing mix of subscription product bookings
— Subscription bookings, as a percentage of total product bookings, were 69% in the fourth quarter, compared to 51% last year
— Signed $1 billion term loan credit facility, which will be used to return capital through open market transactions and accelerated share repurchases
— Expects full-year 2020 revenue to be between $3.10 billion and $3.13 billion; sees unadjusted operating margin in the range of 17.2% to 18.2%
— Expects full-year unadjusted earnings in the range of $3.29 per share to $3.50 per share; expects adjusted earnings to be between $5.35 and $5.55
Most Popular
Earnings calendar for the week of May 3
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
How did the first quarter of 2021 turn out for the airline industry?
The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In
Amazon (AMZN) fine-tunes growth strategy to stay in the fast lane
The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a
