Investing.com - Citrix Systems (NASDAQ:CTXS) announced fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The company reported earnings per share of $1.71 on revenue of $809.8M. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $802.94M. That compared with EPS of $1.67 on revenue of $801.87M in the same quarter a year before. Citrix Systems had announced EPS of $1.52 on revenue of $732.9M in the previous quarter.
Analysts are expecting EPS of $1.23 and revenue of $740.58M in the next quarter.
Citrix Systems share's are up 7.45% from the beginning of the year , still down 0.38% from its 52 week high of $119.61 set on January 22.
Citrix Systems follows other major Technology sector earnings this month
On Friday, Taiwan Semiconductor announced fourth quarter EPS of $0.75 on revenue of $10.6B, compared with a forecasts for EPS of $0.73 on revenue of $10.5B.
IBM earnings beat analysts' expectations on Tuesday, with fourth quarter EPS of $4.71 on revenue of $21.78B. Investing.com analysts anticipated EPS of $4.69 on revenue of $21.64B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar