Citrix Systems beats profit expectations, to cut 900 jobs
Citrix also said fourth-quarter earnings per share, excluding non-recurring items, rose to $1.10 from $1.04 a year ago, and exceeded the FactSet consensus analyst estimate of $1.03. Revenue rose 6% to $851 million, topping analyst forecasts of $844 million.Well done, Citrix employees and contractors. You not only hit all revenue and EPS targets, you exceeded them! Thank you for your hard work. Now, we are going to fire 900 of you so we can buy back more stock and pay bigger bonuses to the CEO that already makes $11.5 million per year and 150 times as much as you. Don't forget to buy a government health care plan now that you don't have a job, or you will pay a tax penalty.