Citrix revenues up 26pc to US$350m

18 Oct 2007

Software player Citrix, which employs 200 people in Dublin, today reported third quarter revenues of US$350m, up from US$278m last year.

The strong revenue performance yielded Citrix profits of US$61m. Earlier this year Citrix bought virtualisation player XenSource for US$607m and, according to research from Credit Suisse, the company could be a US$5bn software giant within five years.

Citrix, which is in the application service delivery market, saw product license revenue grow 24pc and revenues from updates grow 21pc. Technical services revenues grew by 31pc.

“We have been focused on execution, aligning all elements of the business to our strategy, driving the pipeline for new products and adding to our go-to-market strength,” said Citrix chief executive Mark Templeton. “Our results for the quarter demonstrate our success in these areas.”

Looking ahead to the fourth quarter, the company predicts revenues in the range of US$374m to US$382m.

For the full year Citrix expects revenues to come in between US$1.36bn to US$1.37bn.

By John Kennedy