Citrix Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Citrix Systems Inc. (CTXS) reported that its second-quarter net income decreased to $64 million, or $0.34 per share, compared to $92 million, or $0.49 per share, last year. Net income for the prior year quarter included net tax benefits of approximately $22 million, or $0.11 per share, primarily related to the closing of audits with the IRS for certain tax years. Non-GAAP net income was $124 million, or $0.66 per share, compared to $135 million, or $0.71 per share, prior year.

On average, 33 analysts polled by Thomson Reuters expected the company to report profit of $0.63 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue was $730 million, compared to $615 million prior year, representing 19 percent revenue growth. Analysts expected revenue of $710.19 million for the quarter.

The company expects third-quarter net revenue to be in the range of $730 million to $740 million; GAAP earnings per share in the range of $0.41 to $0.42, and non-GAAP earnings per share in the range of $0.72 to $0.73. Analysts expect the company to report third-quarter profit per share of $0.78 on revenue of $741.87 million.

The company expects fiscal 2013 net revenue to be in the range of $2.96 billion to $2.98 billion; GAAP earnings per share in the range of $1.88 to $1.91, and non-GAAP earnings per share in the range of $3.09 to $3.11. Analysts expect the company to report fiscal 2013 profit per share of $3.09 on revenue of $2.96 billion.