FORT LAUDERDALE, Fla. (AP) _ Citrix Systems Inc. (CTXS) on Wednesday reported fourth-quarter net income of $165.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of $1.15. Earnings, adjusted for one-time gains and costs, came to $1.67 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The cloud computing company posted revenue of $801.9 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $790.3 million.
For the year, the company reported net income of $575.7 million, or $3.94 per share, swinging to a profit in the period. Revenue was reported as $2.97 billion.
For the current quarter ending in April, Citrix expects its per-share earnings to range from $1.15 to $1.20. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.36.
The company said it expects revenue in the range of $700 million to $710 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $727.4 million.
Citrix expects full-year earnings to be $6 per share, with revenue ranging from $3.08 billion to $3.09 billion.
Citrix shares have climbed 6 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 5 percent. In the final minutes of trading on Wednesday, shares hit $108.66, an increase of 16 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTXS at https://www.zacks.com/ap/CTXS