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Citrix's quarterly earnings fall nearly 38 percent [Sun Sentinel](South Florida Sun Sentinel (FL) Via Acquire Media NewsEdge) Oct. 23--Software company Citrix Systems saw its earnings fall nearly 38 percent in its third quarter, in part because of what the company called "geopolitical uncertainties" around the world. Citrix, based in Fort Lauderdale, reported earnings of $48 million, or 29 cents a share, compared with $77 million, or 41 cents a share, in the third quarter of 2013. Analysts polled by Thomson Reuters expected the company to report profit per share of 73 cents for the quarter, though estimates generally exclude special items. Revenue by Citrix, which develops tools for work from anywhere, improved by 6 percent to $759 million, compared with $713 million in the third quarter of 2013. "While our results were clearly mixed, we executed well in many important areas including product releases, go-to market investments and partnership initiatives," Mark Templeton, chief executive, said in a news release Wednesday. Chief financial officer David Henshall said Citrix saw "a lack of urgency to complete large capital transactions" during the quarter, with issues particularly in China, Russia and Japan. Templeton said "geopolitical uncertainties do have an impact on economies and cultures where people will wait and give it another month or quarter." The third-quarter results include a $21 million charge related to a previously disclosed patent lawsuit, as well as a restructuring charge of $3 million for severance costs, the company said. Citrix's stock closed Wednesday at $64.78, down $1.22, before the earnings announcement. [email protected] or 561-243-6650 ___ (c)2014 Sun Sentinel (Fort Lauderdale, Fla.) Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com Distributed by MCT Information Services |