Citrix posts 12 jump in 2nd-quarter profit; forecast boosts shares

Citrix 2Q profit climbs; forecast boosts shares

SANTA CLARA, Calif. — Citrix Systems Inc. reported a 12 percent jump in second-quarter earnings Wednesday, helped by a 17 percent rise in sales.

The company’s profit missed Wall Street expectations, but a stronger-than-expected forecast for this quarter and the full year helped boost Citrix shares in extended trading.

The company, which provides software and equipment for streamlining business computer systems, earned $47.6 million, or 25 cents per share, in the quarter ended June 30. That’s up from $42.5 million, or 23 cents per share, a year ago.

Excluding special items, earnings came to 41 cents per share. On that basis, analysts surveyed by Thomson Reuters expected 45 cents.

Revenue climbed to $458.4 million from $392.8 million, topping the average forecast of $436.9 million.

Looking ahead, Citrix said it expects earnings before special items of 48 cents or 49 cents per share on revenue of $450 million to $460 million for the quarter ending in September.

Analysts were looking for 48 cents per share on revenue of $446.1 million.

And for the full year, the company projected an adjusted profit of $1.87 to $1.89 on revenue of $1.81 billion to $1.83 billion.

Analysts expected $1.90 per share and revenue of $1.79 billion.

Citrix shares jumped $2.27, or 4.8 percent, to $49.60 in extended trading after closing the regular session down 1.4 percent.