Investing.com - Citrix Systems (NASDAQ:CTXS) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Citrix Systems announced earnings per share of $0.9 on revenue of $859.52M. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $824.46M.
Citrix Systems shares are up 6% from the beginning of the year, still down 12.40% from its 52 week high of $115.30 set on July 28, 2021. They are outperforming the Nasdaq which is down 26.09% from the start of the year.
Citrix Systems follows other major Information Technology sector earnings this month
Citrix Systems's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
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