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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (6848)	7/28/1999 9:53:00 PM
From: jhg_in_kc	Respond to of 9068

CTC, This from the Wall St. Journal "Looking ahead, we plan to continue our focused effort at creating an application delivery and management platform targeted at extending any application to anyone, anywhere while simultaneously accelerating the time to impact of our customer's information technology investments," and a Q: CTXS is not an ASP but provides the tools for an application service provider? What is the distinction? Thanks ps bot some Citrix Systems Inc. Dow Jones Newswires -- July 20, 1999 PALO ALTO, Calif. (Dow Jones)--Citrix Systems Inc. (CTXS) beat Wall Street's second-quarter earnings and revenue forecasts Monday, on the increasing popularity of server-based computer applications. The Fort Lauderdale, Fla., software company reported after market a 68% jump in second-quarter revenue to $94.4 million. Excluding charges, it earned 32 cents a share in the quarter, a penny above Wall Street estimates and 74% higher than earnings of 19 cents a share in the year-ago period. Chief Executive Mark Templeton said in the press release that results were helped by growing popularity of Citrix's software that allows personal-computer programs to run from central servers. "Looking ahead, we plan to continue our focused effort at creating an application delivery and management platform targeted at extending any application to anyone, anywhere while simultaneously accelerating the time to impact of our customer's information technology investments," said Templeton. John Puricelli, an analyst at A.G. Edwards in St. Louis, Mo. said Citrix beat his revenue growth estimates of 57% in the quarter on the company's large number of new users. Puricelli, who has a strong buy rating on the company, expects revenues to grow by 50% and earnings to increase by 60% for the total year. BancBoston Robertson Stephens analyst John Powers said Citrix doesn't have any strong direct competition and continues to increase its revenue at a brisk pace. "They are the clear leader in a market that is going to be very large and is just emerging," said Powers, who has a buy rating the company. -By Cecilia Kang; 650-496-1367