Citrix beats targets with third-quarter earnings

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

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

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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.

Topic: Tech Industry

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