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Citrix Reports Second Quarter Earnings Results.
FORT LAUDERDALE, Fla. -- Citrix Systems, Inc. (Nasdaq:CTXS):
-- Year-over-year Quarterly Revenue Growth of 18%; -- Diluted Earnings Per Share of $0.16, Including Tax Impact of American Jobs Creation Act; -- Adjusted Diluted Earnings Per Share of $0.27, an Increase of 35% Over Comparable Period Last Year Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in access infrastructure solutions, today reported financial results for its second quarter of fiscal 2005 ended June 30, 2005. FINANCIAL RESULTS GAAP Results In the second quarter of fiscal 2005, Citrix achieved revenue of $211.2 million, compared to $178.3 million in the second quarter of fiscal 2004, representing 18 percent revenue growth. Net income for the second quarter of fiscal 2005 was $27.9 million, or $0.16 per diluted share - which included a net tax provision of approximately $16 million recorded in anticipation of repatriating certain foreign earnings pursuant to the American Jobs Creation Act of 2004 (AJCA) - compared to net income of $31.5 million, or $0.18 per diluted share, for the second quarter of fiscal 2004. Non-GAAP Results Net income, adjusted to exclude the effects of amortization of intangible assets, amortization of deferred stock-based compensation, and the above mentioned net tax provision, was $47.8 million for the second quarter of fiscal 2005, or $0.27 per diluted share, compared to $35.4 million, or $0.20 per diluted share, in the comparable period last year....Try vLex for FREE for 3 days
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