Earnings roundup: Citrix, Polycom, CA Technologies

Summary:Another busy day in Silicon Valley and on Wall Street after markets closed on Wednesday. Here's what happened in tech earnings.

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It's been a busy Wednesday afternoon for digging into the deep, dark depths of Silicon Valley finances.

After the markets closed, Citrix, CA Technologies, and Polycom released their latest respective quarterly earnings.

Here's what you need to know.

Citrix blasted expectations in the fiscal second quarter with net income of $53 million with earnings of 31 per share (statement). Non-GAAP earnings were 83 cents per share on revenue of $782 million, up 7 percent on the year-ago quarter.

Wall Street was expecting earnings of 61 cents per share, on revenue of $772.6 million.

Citrix chief executive Mark Templeton said in prepared remarks he was "pleased" with the company's performance during the quarter, noting in the coming half-year the company's efforts to refine internal operations.

Some other notable achievements showed product and license revenue up 2 percent; software-as-a-service revenue up 12 percent; and professional services up 15 percent — all year-over-year. While the Americas region saw modest increases, Europe and Pacific regions helped to carry the quarter thanks to a hefty uptick in local revenue.

The company said for its fiscal third quarter outlook that revenue will likely fall between $765 million to $775 million. 

Shares in Citrix ($CTXS) closed flat on the Nasdaq in New York at market close. In after-hours trading, shares were up 0.2 percent at the time of writing.

CA Technologies surpassed expectations with fiscal first quarter of $212 million in net income, with earnings of 48 cents per share (statement). Non-GAAP earnings were 65 cents on revenue of $1.07 billion.

Wall Street was expecting earnings of 60 cents per share, on revenue of $1.09 billion.

Chief executive Mike Gregoire in prepared remarks that its had a "strong performance in connection with renewals, which contributed to an uptick in Enterprise Solutions new sales." He added that a lot more could be done and looked ahead to investing in key growth areas.

The company's cash, equivalents, and investments stood at $3.25 billion ending the quarter, with a total debt of $1.77 billion.

The company said for its fiscal second quarter outlook that revenue will likely decline by -2 to -1 percent, but that takes into account the effect of the divestiture of its arcserve data protection business announced on July 7, 201

Shares in CA Technologies ($CA) closed down 0.2 percent on the Nasdaq at market close. In after-hours trading, shares plummeted by more than 8 percent at the time of writing.

Polycom reported fiscal second quarter net income of $9 million with earnings of 6 cents per share (statement). Non-GAAP earnings were 21 cents per share on revenue of $332 million.

Wall Street was expecting earnings of 18 cents per share, on revenue of $339 million. In all, it was a hit on earnings per share but a slight miss on revenue. 

Polycom chief executive Peter Leav said in prepared remarks that the company was successfully executing its goal to improve operating performance. 

The company's board also approved a new share repurchase program of up to $200 million, topping up its $537 million returns to date. 

Polycom ended the quarter with cash and investments worth $640 million. About one-third of that is located within the U.S., the company said.

Shares in Polycom ($PLCM) closed down 1.2 percent on the Nasdaq at market close. In after-hours trading, shares dropped but stabled out at about flat, at the time of writing.

Topics: Tech Industry

About

Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.

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