Citrix Systems, Inc.

-0.84 (-1.05%)
Restructuring / Reorganization, Earnings Announcements

Citrix Systems Inc - On November 14, 2021, Board Of Directors Of Co Approved A Restructuring Program

Published: 11/15/2021 12:52 GMT
Citrix Systems, Inc. (CTXS) - Citrix Systems Inc - on November 14, 2021, Board of Directors of Co Approved a Restructuring Program.
Citrix Systems - Restructuring Program Will Include, Among Other Things, Elimination of Full-time Positions, Termination of Certain Contracts.
Citrix Systems Inc - Currently Expects to Record in Aggregate Approximately $130 Million to $240 Million in Pre-tax Restructuring and Asset Impairment Charges.
Citrix Systems Inc - Included in Pre-tax Charges Are Approximately $65 Million to $90 Million Related to Employee Severance Arrangements.
Citrix Systems - Included in Charges Are About $40 Million to $75 Million Related to Impairment of Right of Use & Other Assets From Consolidation of Facilities.
Citrix Systems Inc - Majority of Charges Will Result in Future Cash Expenditures.
Citrix Systems Inc - Program is Expected to Be Substantially Completed Over an Approximate Eighteen-month Period.
Revenue is expected to be $830.11 Million
Adjusted EPS is expected to be $1.09

Next Quarter Revenue Guidance is expected to be $799.86 Million
Next Quarter EPS Guidance is expected to be $1.20

More details on our Analysts Page.