Citrix Raises Q4 Outlook

For the quarter ending Dec. 31, the Fort Lauderdale, Fla.-based vendor said in a statement that it expects adjusted earnings of 12 cents to 17 cents per share, excluding amortization of assets related to acquisitions. The company expects revenue to be in the range of $120 million to $130 million for the quarter.

Previously Citrix expected revenue in the fourth quarter to range from $115 million to $120 million on adjusted earnings per share of 11 cents to 13 cents.

The company last quarter launched a new go-to-market strategy that included revamping its channel-incentive program in North America, trimming unproductive partners from its Citrix Solutions Network (CSN) and introducing flexible licensing options.

Shares of Citrix Monday closed down 32 cents at $11.43 prior to the announcement.