Citrix reports 19% revenue bump

CEO attributes Q4 sales increase to IT consumerisation, cloud

Tags: Citrix Systems Incorporation
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Citrix reports 19% revenue bump Citrix achieved revenue of $740m, compared to $619m in the fourth quarter of fiscal year 2011.
By  ITP.net Staff Writer Published  January 31, 2013

Citrix Systems, Inc today reported financial results for the fourth quarter and fiscal year ended December 31, 2012.

For the fourth quarter of fiscal year 2012, Citrix achieved revenue of $740m, compared to $619m in the fourth quarter of fiscal year 2011, representing 19% revenue growth. For fiscal year 2012, Citrix reported annual revenues of $2.59bn, compared to $2.21bn for fiscal year 2011, a 17% increase.

Net income for the fourth quarter of fiscal year 2012 was $114m, or $0.60 per diluted share, compared to $109m, or $0.58 per diluted share, for the fourth quarter of fiscal year 2011. Annual net income for fiscal year 2012 was $353m, or $1.86 per diluted share, compared to $356m, or $1.87 per diluted share for fiscal year 2011.

Non-GAAP net income for the fourth quarter of fiscal year 2012 was $169m, or $0.90 per diluted share, compared to $147m, or $0.78 per diluted share for the fourth quarter of fiscal year 2011. Non-GAAP net income excludes the effects of amortization of acquired intangible assets, stock-based compensation expenses and the tax effects related to these items.

Annual non-GAAP net income for fiscal year 2012 was $543m, or $2.87 per diluted share, compared to $473m, or $2.48 per diluted share, for fiscal year 2011. Non-GAAP net income excludes the effects of amortization of acquired intangible assets, stock-based compensation expenses and the tax effects related to these items. In addition, non-GAAP net income for fiscal year 2011 excludes amounts recorded in connection with the restructuring programme that the company implemented in January 2009 and the related tax effect.

"I'm pleased with our results, both financial and strategic," said Mark Templeton, president and CEO at Citrix. 

"We focused on execution to leverage new routes to market, acquire new customers, and drive subscription, maintenance and technical services growth.  We also saw success in our newer markets. Our customers are increasingly interested in mobility.  CIOs are looking to mobility to help deal with IT consumerisation, a multi-generational workforce, collaboration, consolidation and disruption.

"Mobility and cloud services represent an accelerating transformation in the workplace, and as we look into 2013, we are uniquely positioned to help our customers change the way they work, the devices and apps they use, and the way services are delivered."

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