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Citrix Systems profit misses consensus by 36.8% in Q4

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Citrix Systems profit misses consensus by 36.8% in Q4

Citrix Systems Inc. said its fourth-quarter normalized net income came to 94 cents per share, compared with the S&P Capital IQ consensus estimate of $1.49 per share.

EPS climbed 11.7% year over year from 85 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $149.3 million, an increase of 13.1% from $132.0 million in the year-earlier period.

The normalized profit margin increased to 16.4% from 14.6% in the year-earlier period.

Total revenue came to $908.4 million, compared with $904.8 million in the prior-year period, and total operating expenses declined year over year to $657.8 million from $684.9 million.

Reported net income rose 51.1% from the prior-year period to $198.8 million, or $1.26 per share, from $131.5 million, or 84 cents per share.

For the year, the company's normalized net income totaled $2.96 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $5.19.

EPS rose from $2.11 in the prior year.

Normalized net income was $465.1 million, an increase from $339.2 million in the prior year.

Full-year total revenue grew year over year to $3.42 billion from $3.28 billion, and total operating expenses decreased year over year to $2.64 billion from $2.69 billion.

The company said reported net income grew on an annual basis to $535.7 million, or $3.41 per share, in the full year, from $319.1 million, or $1.99 per share.