Categories Earnings, LATEST, Technology

Citrix Systems (NASDAQ: CTXS): Q4 2019 Earnings Snapshot

— 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.

CTXS): Q4 2019 Earnings Snapshot

— 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

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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