Pesky 'restructuring charges' make off with Citrix's cloudy cash

Pesky 'restructuring charges' make off with Citrix's cloudy cash

6 years ago
Anonymous $RBasgWKaIV

https://www.theregister.co.uk/2018/07/26/citrix_q2_fy2018/

You win some, you lose some. Citrix has embiggened its quarterly revenues – while at the same time shrinking profits by a couple of million dollars. How did they manage that?

The firm on Wednesday reported revenues of $742m for the second quarter of fiscal year 2018, a 7 per cent increase on the year-ago quarter of $693m. Those revenues beat analysts' expectations, propelling the share price up a few percentage points once the results were out.