Red and thread..now we know.
Monday June 12, 8:02 am Eastern Time
Company Press Release
Citrix Systems Announces
Preliminary Expectations for Second
Quarter of Fiscal 2000
Conference Call To Discuss Business Developments Will Be Held at 9:00
a.m. EST
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 12, 2000--Citrix Systems, Inc.
(Nasdaq:CTXS - news) today announced preliminary expectations for the second fiscal quarter
ending June 30, 2000. For the quarter, the company expects to report total revenue in the range of
$105 million to $110 million, compared to $94.4 million in the second quarter of 1999. The
company expects to report earnings per share, excluding the amortization of intangible assets
relating to business combinations, in the range of $0.09 and $0.11, compared to $0.16 for the
second quarter of 1999.
The expected results announced today are lower than the consensus estimates of Wall Street
analysts for the company's quarterly performance. The company believes that these revised
estimates result from several factors, including:
-- the transition in certain accounts from a predominantly
shrink-wrap "box" licensing model to a paper/electronic licensing
model is occurring faster than expected, which is having a
short-term negative impact on revenue growth;
-- the expansion of core business within large enterprise accounts is
progressing more slowly than expected; and
-- the expansion of the company's business in certain markets,
including Asia, is progressing more slowly than expected.
``While we are disappointed in the rate at which we are penetrating large enterprise accounts and
new geographic markets, we continue to be optimistic about the opportunities presented in the
application serving market,'' said Mark Templeton, Citrix president and CEO. ``Further, although
the transition to a paper/electronic licensing model is negatively impacting revenues in the
short-term, we believe the acceptance of this program by our channel partners will ultimately have a
long-term positive impact on our revenue growth.''
Citrix will host a conference call at 9:00 a.m. EST to discuss these business developments. The dial
in number is 703-871-3025 and the call can also be accessed through the Internet at
www.vcall.com or www.streetfusion.com.
Citrix will announce final results for the quarter on July 19, 2000, 5:00 p.m. EST. |
