Citrix reports third Quarter Revenue of $565 million


Citrix Systems, yesterday, 27 October 2011 reported financial results for the third quarter of fiscal 2011 ended 30 September 2011.

Mark Templeton, Citrix President and CEO (image source: file photo)

“This was a great quarter for Citrix,” said Mark Templeton, President and CEO for Citrix.

“I couldn’t be more delighted or proud of our Q3 performance across geographies, business lines and financially.

“We have strong positions across SaaS and collaboration, virtualisation and desktop, networking and cloud platform market and the investments we’ve made over the past year in people, infrastructure, innovation and go-to-market is powering growth through geographical reach and business model diversity.”

Financial Results

In the third quarter of fiscal 2011, Citrix achieved revenue of $565 million, compared to $472 million in the third quarter of fiscal 2010, representing 20% revenue growth.

GAAP (Generally Accepted Accounting Principles) Results

Net income for the third quarter of fiscal 2011 was $92 million, or $0.49 per diluted share, compared to $88 million, or $0.46 per diluted share, for the third quarter of 2010.

Non-GAAP Results

Non-GAAP net income in the third quarter of fiscal 2011 was $121 million, or $0.64 per diluted share, compared to $118 million, or $0.62 per diluted share, in the comparable period last year. Non-GAAP net income excludes the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expenses and the tax effects related to those items. In addition, non-GAAP net income for the third quarter of fiscal 2010 excludes amounts recorded in connection with the restructuring program that the company implemented in January 2009 and the related tax effect.

Staff Writer