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Earnings Analysis: 
Citrix Revenues Rise 22%, FNF Profit Falls
Author: 123jump.com Staff
123jump.com
Last Update: 3:23 PM EDT April 24 2008


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Citrix Systems saw quarterly revenue climb on growth in the company’s application virtualization business. Product license revenue increased 20% from a year ago to $147 million. Fidelity National Financial said total revenue for the quarter was $1.14 billion, down from $1.37 billion a year earlier. Net income was $27.2 million or 13 cents a share, down 67% from a year ago.

 
Revenue in industrial chemicals rose 11% to $290.4 million driven by higher selling prices across the segment, particularly in soda ash and phosphates, and volume growth. Segment earnings of $35.6 million increased 103% versus the year-ago quarter.

William G Walter, FMC chairman said, ""We expect another record year and have raised our outlook for 2008 with earnings before restructuring and other income and charges to $3.90 to $4.10 per diluted share. We look for continued earnings growth in agricultural products driven by higher sales and further supply chain productivity improvements.

For the second quarter of 2008, we anticipate continued strong performance across all segments with earnings before restructuring and other income and charges of $1.10 to $1.20 per diluted share.”
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