Citrix Systems Earnings Miss, Revenue Beats In Q1 By Investing.com


© Reuters. Citrix Systems Earnings Miss, Revenue Beats In Q1

Investing.com – Citrix Systems (NASDAQ:) reported on Thursday first quarter that missed analysts’ forecasts and revenue that topped expectations.

Citrix Systems announced earnings per share of $0.47 on revenue of $825.34M. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $794.67M.

Citrix Systems shares are up 7% from the beginning of the year, still down 18.01% from its 52 week high of $123.68 set on May 7, 2021. They are outperforming the S&P 500 which is down 12.99% from the start of the year.

Citrix Systems follows other major Information Technology sector earnings this month

Citrix Systems’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.

Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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