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Citrix Systems Earnings, Revenue Beat in Q1

Investing.com - Citrix Systems (NASDAQ:CTXS) reported first quarter earnings that Beat analysts' expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $1.27 on revenue of $719.1M. Analysts polled by Investing.com expected EPS of $1.19 on revenue of $707.77M. That compared to EPS of $1.29 on revenue of $697.19M in the same period a year earlier. The company had reported EPS of $1.67 on revenue of $801.87M in the previous quarter.

Citrix Systems shares lost 4.44% to trade at $96.00 in after-hours trade following the report.

Citrix Systems follows other major Technology sector earnings this month


On Wednesday, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.89B.

Facebook earnings Beat analysts' expectations on Wednesday, with first quarter EPS of $1.89 on revenue of $15.08B. Investing.com analysts expected EPS of $1.61 on revenue of $14.97B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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