For the to-be-reported quarter, the company expects revenues between $785 million and $795 million. The Zacks Consensus Estimate for revenues is pegged at $797.04 million, which indicates a decline of 7.4% from the year-ago quarter.
Moreover, Citrix expects non-GAAP earnings in the range of $1.40-$1.45 per share. The consensus mark for first-quarter earnings has been steady at $1.42 per share in the past 30 days. The estimate suggests a decline of 17.9% compared with the prior-year reported figure.
Notably, the company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 24.28%.
Factors Likely to Have Influenced Q1 Performance
Citrix’s first-quarter performance is expected to reflect sluggish demand in its professional services business, which is likely to have limited top-line…