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Technology / AI and automation

CITRIX BEATS THE STREET WITH THIRD SUCESSIVE STRONG QUARTER

Citrix Systems Inc beat the Wall Street estimates for its third quarter earnings in spectacular fashion yesterday, coming in with $0.44 per share when the consensus was for $0.31 per share, and enjoying margins most software companies can only dream of. The Fort Lauderdale, Florida supplier of thin client and server software to run multi-user Windows NT applications turned in reported third quarter net income up 146% at $13.1m, on revenues that rose 199% to $34.9m. It signed licensing deals for its Independent Computing Architecture ((ICA) protocol with Cruise technologies and Umax Data Systems and launched version 1.7 of its WinFrame NT server. Citrix has a limited time making hay while the sun shines, as following its deal with Microsoft Corp earlier this year whereby Microsoft will embed its own Hydra multi-user technology into future version NT, but permit Citrix to carry on selling WinFrame as a separate product. Cash stood at $220.1m at the quarter’s end.

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CBR Staff Writer

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