Investing.com - Citrix Systems reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Citrix Systems (NASDAQ:CTXS) announced earnings per share of $1.71 on revenue of $809.8M. Analysts polled by Investing.com forecast EPS of $1.68 on revenue of $802.94M. That compared with EPS of $1.67 on revenue of $801.87M in the same period a year before. Citrix Systems had reported EPS of $1.52 on revenue of $732.9M in the previous quarter. Analysts are forecasting EPS of $1.23 and revenue of $740.58M in the upcoming quarter.
Citrix Systems stock's are up 7.45% from the beginning of the year and is trading at $121.00 , down-from-52-week-high.
Citrix Systems follows other major Technology sector earnings this month
Citrix Systems's report follows an earnings beat by Taiwan Semiconductor on Friday, who reported EPS of $0.75 on revenue of $10.6B, was in comparison with EPS of $0.73 on revenue of $10.5B.
IBM had beat expectations on Tuesday with fourth quarter EPS of $4.71 on revenue of $21.78B, compared with forecast for EPS of $4.69 on revenue of $21.64B.
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