source on Reuters
Citrix Systems Inc. (CTXS.O: Quote, Profile, Research), a supplier of software used for secure access to networks, on Wednesday reported higher quarterly net income as sales of its product licenses and updates increased.
Net profit in the first quarter was $44.7 million, or 24 cents per share, compared with $38.6 million, or 22 cents per share in the year-ago period.
Excluding items, the company posted earnings per share of 33 cents per share. On that basis, Wall Street was anticipating earnings per share of 28 cents, according to Reuters Estimates.
Sales in the quarter rose 29 percent to $260 million, compared with $202 million in the year-ago period.
Citrix said that, in its second quarter ending June 30, it expects earnings per share to range between 24 cents and 26 cents. Excluding stock-based compensation and other items, it anticipates a range of between 32 cents to 33 cents.
Wall Street has been expecting earnings per share of 29 cents, excluding items.
Revenue in the second quarter is expected to range between $259 million and $265 million, Citrix said.
The company's shares rose nearly 3 percent to $39.95 in after-hours trading on Inet, up $1.07 from a Nasdaq close of $38.88.
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