Citrix's 900 job cuts seen as 'defensive' move

Citrix Systems announced better than expected financial results for the last quarter but also a restructuring plan that will see 900 jobs being cut.The restructuring, which includes the elimination of 700 full-time and 200 contractor positions, is expected to deliver savings of $90 million to $100 million per year, Citrix said.Investors seemed to cheer the news, which came out late Wednesday. Citrix’s stock rose as high as $63.27 per share on Thursday, or 7 percent over the previous day’s