Citrix Systems, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014 and Year Ending December 31, 2014
For the year, the company reported total net revenues of $2,918.434 million against $2,586.123 million a year ago. Income from operations was $380.717 million against $390.778 million a year ago. Income before income taxes was $387.890 million against $410.229 million a year ago. Net income was $339.523 million or $1.80 per diluted share against $352.547 million or $1.86 per diluted share a year ago. Net cash provided by operating activities was $928.343 million. Purchases of property and equipment was $162.889 million. Non-GAAP net income was $567.996 million or $3.02 per diluted share against $543.244 million or $2.87 per diluted share a year ago.
The company expects non-GAAP gross margin in a range of 84.0% to 85.0% for the three months ending March 31, 2014. GAAP earnings per share - diluted in a range of $0.24 to $0.26 and non-GAAP earnings per share - diluted in a range of $0.57 to $0.60. Total revenue to increase 8% to 10% from last year.
The company expects non-GAAP gross margin in a range of 84.0% to 85.0% for the three months ending December 31, 2014. GAAP earnings per share - diluted in a range of $1.58 to $1.69 and non-GAAP earnings per share - diluted in a range of $2.85 to $2.95. Non-GAAP tax rate in a range of 24.0% - 25.0%. Total revenue growth to be in the range of 8% to 10%.