SANTA CLARA, Calif. (AP) — Cloud computing company Citrix Systems Inc. reported disappointing fiscal first-quarter results Wednesday and issued a weak earnings forecast. Its shares fell 12 percent in after-hours trading.

The Santa Clara, Calif., company earned $60 million, or 32 cents per share, for the quarter that ended March 31. That is compared to $68 million, or 36 cents per share, for the first quarter of 2012. After adjusting for a $9 million tax benefit and other special items, the company earned 62 cents per share versus 59 cents per share in the prior year.

Citrix said its revenue increased 14 percent to $673 million from $589.5 million.

Analysts polled by FactSet, on average, were expecting the company to earn 63 cents per share on revenue of $677 million.

Citrix CEO Mark Templeton said macro-economic factors have crimped customers' spending on information technology, but that the company performed well given those pressures. He said demand for cloud computing remains high and Citrix will remain focused on its long-term growth strategy.

The company expects to earn between 62 to 63 cents per share for its second quarter on an adjusted basis with revenue between $705 million and $715 million. Analysts had forecast earnings of 70 cents per share on revenue of $711.8 million.

Citrix forecast earnings between $3.08 and $3.11 per share for the year on an adjusted basis and revenue between $2.95 billion to $2.98 billion. Analysts were anticipating earnings of $3.13 per share on revenue of $2.97 billion.

The company's stock fell $7.86 to $59.80 after hours. It closed regular trading down 16 cents at $67.66.


Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.