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Citrix reports net loss of $283.9M for Q4'17

Citrix Systems Inc. reported a net loss of $283.9 million for fourth quarter 2017, compared to a net income of $199.9 million for the prior-year period.

The software company said that its basic loss per share came in at $1.93 for the quarter, compared to earnings per share of $1.15 in the year-ago period. Diluted loss per share was $1.93, compared to $1.13 in the prior-year quarter.

Earnings before taxes were $182.1 million, compared with $192.2 million for fourth quarter 2016.

Total revenue increased 5.89% to $777.9 million, from $734.6 million in the prior-year quarter. Cost of sales rose year over year to $121.9 million from $99.7 million.