Citrix announces 1Q06 results
Access infrastructure developer Citrix Systems has announced its first quarter revenues, reporting EMEA regional revenue growth of 26%.
Access infrastructure developer Citrix Systems has reported a 26% revenue growth within the EMEA region in 1Q06 to the end of March. The company saw its total revenues reach US$260 million, up from US$202 million in 1Q05, representing 29% global revenue growth. Net income for the period hit US$45 million, compared to US$39 million last year.
In terms of product lines, product licence revenue increased 27% globally whereas online services contributed US$32 million of revenue, up 55%. Revenue from licence updates grew 22% and technical services revenue, made up of consulting, education and technical support, grew 42%.
“Our first quarter results were excellent in the Middle East, and globally,” says Antoine Aguado, regional manager for Citrix Middle East. “Our business continued its product licence and licence update growth, especially in Presentation Server licences as our customers continued to upgrade to version 4.”
Speaking to CommsMEA, Aguado explained that the major business for Citrix in the Middle East was from the financial sector, banking and insurance. “The banking business is all about how fast you can deliver new banking applications to the remote side. For example in Saudi Arabia, a bank that is going to open new outlets faster will win market share. We can see the same trend in the telco industry; the operators are using Citrix to deliver more applications to their remote offices. Mobily in Saudi for instance.”
Citrix has approximately 6,200 channel and alliance partners in over 100 countries. Its annual revenues in 2005 were US$909 million.