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Knight Ridder/Tribune Business News
Jan. 20 -- CITRIX SYSTEMS STOCK JUMPS ON EARNINGS NEWS: Citrix Systems stock soared Tuesday as the company reported strong sales and earnings growth for 1998. Citrix said revenue in the fourth quarter grew 76 percent, while earnings per share grew 53 percent, excluding one-time charges.
For the full year, Citrix said revenue grew 101 percent from 1997. Excluding one-time charges, earnings per share reached $1.70 for the year, up 68 percent from 1997. However, earnings per share for 1998 including charges were only 79 cents per share.
Citrix took $64.8 million in charges during 1998 as it acquired and licensed …