Citrix beats targets with third-quarter earnings

Summary:The company has reported better-than-expected third-quarter results with income of $88m, while SanDisk, CA and Compuware also presented solid earnings

A raft of technology companies reported financial results on Thursday, with virtualisation specialist Citrix revealing better-than-expected earnings.

Citrix reported third-quarter net income of $88m (£56m), or 46 cents a share. Non-GAAP earnings were 62 cents a share for the third quarter. Both of those results include a tax benefit of 10 cents a share. Without that tax gain, Citrix's non-GAAP earnings were 52 cents a share, which is three cents better than estimates. The company said revenue was $472m, up 18 percent from a year ago. Wall Street was expecting sales of $458.4m.

Also on Thursday, SanDisk reported third-quarter earnings of $322m, or $1.34 a share, on revenue of $1.32bn, which is up 32 percent on a year ago. Software firm CA delivered fiscal second-quarter earnings of $222m, or 43 cents a share, on revenue of $1.1bn. Compuware reported net income of $25.99m, or 12 cents a share, on revenue of $225.8m.

For more on this ZDNet UK-selected story, see Tech earnings scorecard: Citrix, Sandisk, CA on ZDNet.com.

Topics: Tech Industry

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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