Citrix Systems Revenue Rises 19%; Shares Rally

Wednesday, 30 Jan 2013 04:55 PM

 

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Shares of Citrix Systems Inc. rallied late Wednesday after the business software maker reported a 19 percent rise in quarterly revenue on higher product and license revenue.

Citrix's net income rose to $114 million, or 60 cents per share in the quarter ended Dec. 31, from $109 million, or 58 cents per share, a year earlier.

Revenue rose to $740 million.

Shares were up 10.6 percent at $74.10 in extended trading, after closing at $66.98 on Nasdaq.

© 2014 Thomson/Reuters. All rights reserved.

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