Virtual computing solutions provider Citrix Systems, Inc, has achieved a 20pc year-over-year growth in revenue during the first quarter of 2012 amounting to US$589m. For the same period last year, Citrix’s revenue totalled US$491m.
Citrix’s net income for the first quarter, which ended 31 March 2012, reached US$68m, or US$0.36 per diluted share, compared to US$74m, or $0.38 per diluted share, for the first quarter of fiscal 2011.
Non-GAAP net income for Q1 2012 totalled US$111m, or US$0.59 per diluted share, compared to US$97 million, or US$0.50 per diluted share, for the same period last year.
Non-GAAP net income excludes the effects of amortisation 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 first quarter of fiscal 2011 excludes amounts recorded in connection with the restructuring programme the company implemented in January 2009 and the related tax effect.
Mark Templeton, president and chief executive officer for Citrix, said he is pleased with the company’s "strong start" to 2012.
“We’ve made great strides in web collaboration, desktop virtualisation and cloud networking, strengthening and solidifying our company and product leadership in these markets.
“We are expanding into fast-growing, adjacent markets, all fuelled by three powerful forces – the need for mobility, the enterprise cloud evolution, and the build-out of hosted cloud services," Templeton said.