Citrix Systems, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, total net revenues were $777,857,000 against $734,584,000 a year ago. Income from operations was $189,699,000 against $202,345,000 a year ago. Income from continuing operations before income taxes was $182,123,000 against $192,229,000 a year ago. Net loss  was $283,889,000 against income of $178,576,000 a year ago. Basic and diluted net loss per share was $1.93 against earnings of $1.28 a year ago. Non-GAAP net income from continuing operations was $248,495,000 against $217,523,000 a year ago. Non-GAAP earnings per share from continuing operations – diluted were $1.66 against $1.38 a year ago. Cash flow from continuing operations was $254 million compared to $208 million for the fourth quarter of fiscal year 2016.

For the year, total net revenues were $2,824,686,000 against $2,736,080,000 a year ago. Income from operations was $570,997,000 against $560,164,000 a year ago. Income from continuing operations before income taxes was $550,346,000 against $527,770,000 a year ago. Income from continuing operations was $21,985,000 against $469,855,000 a year ago. Net loss was $20,719,000 against income of $536,112,000 a year ago. Basic and diluted net loss per share was $0.13 against earnings of $3.41 per diluted share a year ago. Net cash provided by operating activities was $908,276,000. Purchases of property and equipment were $80,901,000. Cash paid for licensing agreements and technology was $7,379,000. Non-GAAP net income from continuing operations was $743,959,000 against $699,651,000 a year ago. Non-GAAP earnings per share from continuing operations – diluted were $4.85 against $4.45 a year ago.

The company management expects to achieve the following results for the fiscal year ending December 31, 2018, which does not reflect the adoption of ASC 606. Net revenue is targeted to be in the range of $2.86 billion to $2.88 billion; GAAP diluted earnings per share is targeted to be in the range of $3.18 to $3.33; Non-GAAP diluted earnings per share is targeted to be in the range of $4.80 to $4.90, excluding $1.39 related to the effects of stock-based compensation expenses, $0.38 related to the effects of amortization of acquired intangible assets, $0.24 related to the effects of amortization of debt discount, $0.10 related to restructuring charges, and $0.39 to $0.64 for the tax effects related to these items.

The company management expects to achieve the following results for the first quarter of fiscal year 2018 ending March 31, 2018, which does not reflect the adoption of ASC 606. Net revenue is targeted to be in the range of $670 million to $680 million; GAAP diluted earnings per share is targeted to be in the range of $0.69 to $0.71; Non-GAAP diluted earnings per share is targeted to be in the range of $1.03 to $1.06, excluding $0.28 related to the effects of stock-based compensation expenses, $0.09 related to the effects of amortization of acquired intangible assets, $0.06 related to the effects of amortization of debt discount, $0.03 related to restructuring charges, and $0.09 to $0.14 for the tax effects related to these items.