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 , still down 0.52% from its 52 week high of $152.48 set on April 20. 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 April 16, 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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