Feeds

Citrix share price tumbles on profit warning

CEO 'disappointed' but not as much as Wall Street

Reducing security risks from open source software

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. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.