Citrix Systems, Inc. reported unaudited consolidated earnings results for the fourth quarter and fiscal year ended December 31, 2016. For the fourth quarter, the company reported net revenues were $908.356 million compared to $904,763 million a year ago. Income from operations was $231.290 million compared to $112,406 million a year ago. Income before income taxes was $221.174 million compared to $112,195 million a year ago. Net income was $199.850 or $1.26 earnings per share compared to $131,274 million or $0.84 earnings per share a year ago. GAAP net income was $200 million or $1.26 per diluted share, compared to $131 million, or $0.84 per diluted share a year ago. Non-GAAP net income was $255 million or $1.61 per diluted share compared to $259 million or $1.66 per diluted share a year ago. Non-GAAP net income was $835 million or $5.32 per diluted share, compared to $695 million, or $4.34 per diluted share a year ago.

For the year, the company reported net revenues were $3,418.265 million compared to $3,275.594 million a year ago. Income from operations was $649.158 million compared to $350.085 million a year ago. Income before income taxes was $616.764 million compared to $311.877 million a year ago. Net income was $536.112 or $3.41 earnings per share compared to $319.361 million or $1.99 earnings per share a year ago. Net cash provided by operating activities was $1,115.830 million. Purchases of property and equipment were $134.170 million. For the quarter, the company expected net revenue is to be in the range of $655 million to $665 million. GAAP diluted earnings per share is targeted to be in the range of $0.02 to $0.03. Non-GAAP diluted earnings per share is targeted to be in the range of $0.93 to $0.95, excluding $0.09 related to the effects of amortization of acquired intangible assets, $0.24 related to the effects of stock-based compensation expenses, $0.05 related to the effects of amortization of debt discount, $0.28 related to separation costs associated with the separation of the GoTo business, $0.04 related to restructuring charges, and $0.06 to $0.09 for the tax effects related to these items. Non-GAAP diluted earnings per share also is expected to exclude $0.29 related to certain tax changes to be incurred in connection with the separation of the GoTo business.

For the first quarter of 2017, the company expected net revenue is targeted to be in the range of $655 million to $665 million. GAAP diluted earnings per share is targeted to be in the range of $0.02 to $0.03. Non-GAAP diluted earnings per share is targeted to be in the range of $0.93 to $0.95, excluding $0.09 related to the effects of amortization of acquired intangible assets, $0.24 related to the effects of stock-based compensation expenses, $0.05 related to the effects of amortization of debt discount, $0.28 related to separation costs associated with the separation of the GoTo business, $0.04 related to restructuring charges, and $0.06 to $0.09 for the tax effects related to these items. Non-GAAP diluted earnings per share also is expected to exclude $0.29 related to certain tax changes to be incurred in connection with the separation of the GoTo business.

For the year, the company net revenue is targeted to be in the range of $2.81 billion to $2.84 billion. GAAP diluted earnings per share is targeted to be in the range of $2.49 to $2.74. Non-GAAP diluted earnings per share is targeted to be in the range of $4.60 to $4.65, excluding $0.35 related to the effects of amortization of acquired intangible assets, $1.03 related to the effects of stock-based compensation expenses, $0.22 related to the effects of amortization of debt discount, $0.33 related to separation costs associated with separation of the GoTo business, $0.16 related to restructuring charges, and $0.23 to $0.53 for the tax effects related to these items. Non-GAAP diluted earnings per share also is expected to exclude $0.30 related to certain tax charges to be incurred in connection with the separation of the GoTo business.