Stock Monitor: Jack Henry & Associates Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 15, 2018 / Active-Investors.com has just released a free earnings report on Citrix Systems, Inc. (NASDAQ: CTXS) ("Citrix"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=CTXS. The Company posted its fourth quarter fiscal 2017 (Q4 FY17) financial results on January 31, 2018. The leading cloud-based service provider's earnings and revenues surpassed market expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Citrix Systems most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
During the fourth quarter of the fiscal year 2017, Citrix posted net sales of $777.86 million compared to $734.58 million in Q4 FY16, reflecting a growth of 5.89%. The sales growth was attributed to a growth in its product and subscription bookings. The Company's revenue numbers beat analysts' estimates of $777.60 million. For the full fiscal year 2017, the Company's revenues were $2.82 billion, increasing 3.24% compared to $2.74 billion in the previous fiscal year.
The Company's gross profit was $655.92 million in Q4 FY17 compared to $634.87 million in Q4 FY16, increasing 3.32% on a y-o-y basis. The increase was due to improved operational performance and higher organic sales. Citrix's selling, general, and administrative expenses (SG&A) amounted to $65.53 million in the reported quarter compared to $80.06 million in the year ago same period, decreasing 18.15% on a y-o-y basis. Citrix's operating income was $189.70 million in Q4 FY17 compared to $202.35 million in Q4 FY16, decreasing 6.25% on a y-o-y basis. For the full fiscal year 2017, the Company's operating income was $571.00 million compared to $560.16 million in the previous year, increasing 1.93%.
Citrix's net loss was $283.89 million in the reported quarter compared to a net income of $199.85 million in Q4 FY16. The Company's loss per share was $1.93 in Q4 FY17 compared to earnings per share (EPS) of $1.26 in the fourth quarter of the previous fiscal year. The decline was attributed to the recent enactment of the Tax Cuts and Jobs Act 2017 (TCJA), including around $429.00 million related to tax expenses. The Company's adjusted EPS were $1.66 in the reported quarter compared to $1.38 in Q4 FY16, reflecting a growth of 20.29% on a y-o-y basis, and beating analysts' estimates of $1.60. For the full fiscal year 2017, the adjusted EPS were $4.85 compared to $4.45 in FY16, increasing 8.99% on a y-o-y basis. The increase was due to the strong focus on growth and productivity.
Citrix has four business segments, namely: (i) Product and Licenses segment, (ii) Software as a Service segment, (iii) License Updates and Maintenance segment, and (iv) Professional Services segment.
The Product and Licenses segment reported net sales of $262.55 million in Q4 FY17 compared to $255.32 million in Q4 FY16, reflecting a growth of 6.06%.
The Software as a Service segment posted net sales of $49.71 million in Q4 FY17 compared to $36.13 million in Q4 FY16, increasing 37.58% on a y-o-y basis.
The License Updates and Maintenance segment reported net sales of $427.20 million in Q4 FY17 compared to $409.22 million in Q4 FY16, reflecting a growth of 4.39%.
The Professional Services segment posted net sales of $38.40 million in Q4 FY17 compared to $33.92 million in Q4 FY16, increasing 13.21% on a y-o-y basis.
As on December 31, 2017, Citrix had cash and cash equivalents of $1.12 billion compared to $0.84 billion as on December 31, 2016. The Company's cash inflow from operating activities was $254.00 million in the reported quarter compared to $208.00 million in Q4 FY16.
For the first quarter of the fiscal year 2018, Citrix expects its sales to be in the range of $670.00 million - $680.00 million. The Company anticipates diluted EPS to be in the band of $0.69 - $0.71, and adjusted EPS to be in the range of $1.03 - $1.06.
For the fiscal year 2018, Citrix is anticipating sales to be in the band of $2.86 billion - $2.88 billion. The Company's adjusted EPS is expected to be in the range of $4.80 to $4.90.
Stock Performance Snapshot
February 14, 2018 - At Wednesday's closing bell, Citrix Systems' stock advanced 2.96%, ending the trading session at $89.44.
Volume traded for the day: 1.61 million shares, which was above the 3-month average volume of 1.57 million shares.
Stock performance in the last three-month - up 6.15%; previous six-month period - up 19.33%; past twelve-month period - up 13.32%; and year-to-date - up 1.64%
After yesterday's close, Citrix Systems' market cap was at $13.52 billion.
Price to Earnings (P/E) ratio was at 2555.43.
The stock is part of the Technology sector, categorized under the Business Software & Services industry. This sector was up 1.8% at the end of the session.
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