Company report

Citrix Systems (CS) released its fourth-quarter results on Monday, beating analysts' estimates. The earnings figure exceeded forecasts.

The Citrix reported earnings per share of $1.47 and revenues of $850.84M. Analysts had anticipated earnings per share of $1.07 and total revenue of $829.89M in their forecasts.

C.S. shares lost 3.67% trading at $101.68 in pre-market, according to the report.

Its shares, up 11% this year, have performed better than overall according to the Nasdaq index, having fallen 11% since the start of the year.

Two deals

Also according to The Wall Street Journal (WSJ), Citrix Systems said it would be acquired by Elliott Management (EM) and Vista Equity Partners (VEP) for $16.5 billion, including debt.

CEO of Citrix Bob Calderoni said: "This acquisition is an immediate offer with significant financial value for our shareholders."

Citrix (ticker: CTXS) is expected to merge with Tibco Software, one of Vista's portfolio companies, in connection with the deal.

Citrix is a cloud computing company founded in 1989 by businessman Ed Iacobucci. The C.S. is headquartered in Florida, USA.

Moreover, more than 230,000 organisations worldwide use Citrix solutions.