Feeds

Citrix share price tumbles on profit warning

CEO 'disappointed' but not as much as Wall Street

Beginner's guide to SSL certificates

Citrix issued a profit warning last night when rolling out preliminary financial data for calendar Q2, sending its share price crashing by 12 per cent.

The mobility, desktop and virtualisation vendor said earnings per share (EPS) were estimated to be in the $0.39 to $0.40 cent range, compared to its previous guidance of $0.41 to $0.42 per share.

Sales were well off pace too, with Citrix estimating turnover of $710m to $712m range, versus the previous higher forecast of $730m to $740m.

"While we are disappointed that we fell short of expectations this quarter, we remain confident in our strategy and our markets," said president and CEO Mark Templeton.

He added that it continues to tread on the cloud services and mobility path with a specific bent on security and IT management.

The exact reasons for the shortfall were not discussed but Templeton said he will provide more colour when the numbers are filed on 23 October.

Citrix stumbled in Q1 due to an unexpected delay in closing deals, particularly on the XenDesktop application and desktop virtualisation product.

At the time of releasing those results, in April, it slashed estimates for the full year, causing the share price to slide by seven per cent.

The second calendar quarter was less choppy, with sales up 19 per cent year-on-year to $730m.

In a Q2 conference call with analysts, Citrix said demand levels would remain mixed in the second half of this year, but it had raised expectations for total revenues and EPS due to its sales pipeline. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.