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Citrix revenue misses as cloud-computing software sales stall

Wednesday, 29 Jan 2014 | 4:28 PM ET

Jan 29 (Reuters) - Citrix Systems Inc reported lower-than-expected quarterly revenue as sales of its cloud-computing software and licenses grew by less than 1 percent.

Citrix shares dropped 4 percent in extended trading.

Overall revenue rose 8 percent to $802.4 million but missed analysts' average forecast of $805.4 million, according to Thomson Reuters I/B/E/S.

Net income rose to $138.6 million, or 74 cents per share, in the fourth quarter ended Dec. 31, from $114 million, or 60 cents per share, a year earlier.

Excluding items, the company earned $1.04 per share.

Analysts on average had expected earnings of 98 cents per share.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila)

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