Dow Jones Newswires -- April 20, 1998
Citrix Systems 1Q Oper Net 36c/Share Vs Net 18c
Citrix Systems Inc. - Fort Lauderdale, Fla. 1st Quar March 31:
1998 1997
Revenues $49,302,000 $21,521,000
Net income a 798,000 7,493,000
Avg shrs 44,808,000 42,614,000
Shr earns Net income a .02 .18
All figures restated to reflect 3-for-2 stock split, effective in February.
a. Includes pretax charges of $23.8 million from writeoff of
in-process research and development from acquisition of
technology from Insignia Solutions and licensing agreement with
Epicon.
Excluding the chages, income was $16 million, or 36 cents a share.
Citrix Systems (CTXS) provides system software for
thin-client/server computing.
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