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Citrix Systems profit misses consensus by 53.2% in Q2


According to Market Intelligence, December 2022


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Citrix Systems profit misses consensus by 53.2% in Q2

Citrix Systems Inc. said its second-quarter normalized net income amounted to 47 cents per share, compared with the S&P Capital IQ consensus estimate of 100 cents per share.

EPS decreased 10.2% year over year from 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $72.7 million, a decline of 10.6% from $81.3 million in the prior-year period.

The normalized profit margin dropped to 10.5% from 12.1% in the year-earlier period.

Total revenue rose on an annual basis to $693.2 million from $674.0 million, and total operating expenses increased 6.1% year over year to $569.1 million from $536.5 million.

Reported net income grew on an annual basis to $109.2 million, or 70 cents per share, from $106.5 million, or 68 cents per share.