28.01.2015 22:40:13
|
Citrix Systems Q4 Profit Tops Estimates; Announces Restructuring - Quick Facts
(RTTNews) - Citrix Systems, Inc. (CTXS) reported fourth-quarter net income of $95.23 million or $0.58 per share, compared to $138.64 million or $0.74 per share, prior year. GAAP results for the fourth quarter of fiscal year 2014 include impairment charges of $30 million related to certain intangible assets, which are included in amortization of product related and other intangible assets, as well as a restructuring charge of $3 million for severance costs related to a restructuring program implemented in the first quarter of 2014. Adjusted earnings per share was $1.10, for the quarter.
On average, 32 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $851.48 million from $802.42 million last year. Analysts expected revenue of $844.07 million for the quarter.
For the fiscal year ending December 31, 2015, the company expects: net revenue to be in the range of $3.29 billion to $3.33 billion; GAAP earnings per share to be in the range of $2.10 to $2.15; and non-GAAP earnings per share in the range of $3.60 to $3.65. Analysts expect the company to report fiscal year earnings per share of $3.69 on revenue of $3.36 billion.
for the first quarter of fiscal year 2015 ending March 31, 2015, the company expects: net revenue to be in the range of $780 million to $790 million; GAAP earnings per share to be in the range of $0.20 to $0.22; and Non-GAAP earnings per share to be in the range of $0.70 to $0.72. Analysts expect the company to report first-quarter earnings per share of $0.80 on revenue of $796.69 million.
Citrix also announced the implementation of a restructuring program. The restructuring will affect approximately 700 full-time and 200 contractor positions, and is expected to result in annualized pre-tax savings in the range of approximately $90 million to $100 million. Citrix expects to incur pre-tax charges in the range of approximately $40 million to $45 million related to employee severance arrangements and $9 million to $10 million related to the consolidation of leased facilities during fiscal year 2015.

Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Citrix Systems Inc.mehr Nachrichten
Keine Nachrichten verfügbar. |