Citrix Shortfall

Citrix shares fell to a 5-year low, “after the company projected earnings well below analysts’ forecasts and said it plans cut jobs and discretionary spending to bring expenses in line with revenue.”

Writes WSJ: “Citrix, which makes software used to run applications on non-personal-computer terminals, said that although electronic licensing to larger customers was up about 15%, weakness in packaged-product sales, which also caused distribution partners to lower their inventories, hurt overall second-quarter revenue.”

Citrix is a company I track because it is a leader in server-based computing. The company expects Q2 revenues of USD 116-118 million.

In fact, I wrote about Citrix’s Solutions in yesterday’s Tech Talk.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.