Investing.com - Citrix Systems (NASDAQ:CTXS) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Citrix Systems announced earnings per share of $1.73 on revenue of $861M. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $733.71M. That with comparison to EPS of $1.27 on revenue of $719.14M in the same period a year before.Citrix Systems had reported EPS of $1.71 on revenue of $809.82M in the previous quarter.Analysts are expecting EPS of $1.19 and revenue of $762.85M in the upcoming quarter.
Citrix Systems shares are up 36% from the beginning of the year and are trading at $151.69 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 1.56% year to date.
Citrix Systems follows other major Technology sector earnings this month
Citrix Systems's report follows an earnings matched by Taiwan Semiconductor on Thursday, April 16, 2020, who reported EPS of $0.75 on revenue of $10.32B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
SAP ADR had missed expectations on Tuesday with first quarter EPS of $0.92 on revenue of $7.08B, compared to forecast for EPS of $1.02 on revenue of $7.1B.
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