Citrix Systems, Inc. today announced preliminary results
for the first quarter of fiscal year 2015 ended March 31, 2015.
Revenue for the quarter is expected to be in the range of $755 million
to $760 million, below the company’s guidance of $780 million to $790
million. Net income for the first quarter of fiscal year 2015 per
diluted share is expected to be in the range of $0.15 to $0.17 compared
to guidance of $0.20 to $0.22 per diluted share. Non-GAAP net income for
the first quarter of fiscal year 2015 per diluted share is expected to
be in the range of $0.63 to $0.65, compared to guidance of $0.70 to
$0.72 per diluted share. Non-GAAP net income per diluted share excludes
the effects of amortization of acquired intangible assets, stock-based
compensation expenses, charges related to amortization of debt discount
and restructuring programs as well as a benefit from a previously
disclosed patent lawsuit, and the tax effects related to these items.
“We are disappointed with our Q1 results, but fully committed to the
financial, operational and strategic initiatives announced last
quarter,” said Mark Templeton, president and CEO for Citrix. “We
underestimated the impact caused by our restructuring, organizational
evolution, and changes to our field and channel strategies, which were
the result of important decisions made to get the business ready for our
next phase of growth. Additionally, the increase in foreign exchange
volatility impacted results and customer-buying behavior to a larger
extent than anticipated in the quarter.
“We are continuing to optimize our business model and our focus on
improving margins remains unchanged.”
These preliminary, unaudited results are based on management’s initial
review of operations for the quarter ended March 31, 2015, and remains
subject to change based on management’s ongoing review of the first
quarter results.
Conference Call Information
Citrix will report final results for the first quarter of fiscal year
2015 in its regularly scheduled earnings release and conference call on
Wednesday, April 22, 2015 after market close. A news release will be
issued at approximately 4:05 p.m. ET and the conference call will begin
at 4:45 p.m. ET to discuss financial results, quarterly highlights and
business outlook. The call will include a slide presentation and
participants are encouraged to view the presentation via webcast at http://www.citrix.com/investors.