Citrix guides results below expectations; shares dive

By Neha Alawadhi and Aditya Kondalamahanty (Reuters) - Cloud computing software maker Citrix Systems Inc estimated quarterly results below analysts' expectations as businesses delayed contracts, sending its shares down as much as 14 percent in extended trading. Cloud computing companies such as Citrix and VMware Inc have been facing delays in closing large deals as customers review IT budgets to prune discretionary spending. Citrix's warning could set the tone for other software companies as it comes just ahead of the third-quarter reporting season. VMware shares fell 3. ...



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