Citrix sees revenue increase 16pc in Q2


28 Jul 2011

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Virtual computing solutions Citrix Systems, Inc achieved revenue of US$531m in the second quarter of fiscal 2011, compared to $458m in the second quarter of fiscal 2010, representing 16pc revenue growth.

Net income for the second quarter of fiscal 2011 was US$82m, or US$0.43 per diluted share, compared to US$48m, or US$0.25 per diluted share, for the second quarter of 2010.

Non-GAAP net income in the second quarter of fiscal 2011 was US$108m, or US$0.57 per diluted share, compared to US$78m, or US$0.41 per diluted share, in the comparable period last year.  

Non-GAAP net income for both periods 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 second quarter of fiscal 2010 excludes amounts recorded in connection with the restructuring program the company implemented in January 2009 and the related tax effect.

“I’m pleased with the financial and strategic results for the quarter,” said Citrix president and CEO Mark Templeton.

“Demand for our virtualisation, networking and cloud solutions continues to be strong across the board, and the excitement I hear from customers has never been higher.

“The transition from the PC era to the cloud era is driving a rapid transformation in computing that strongly favours agile players like Citrix. Our passion is to make it easy for customers facing this transition – helping them build new clouds, connect to cloud services, and empower their users to work and play from anywhere.”

Photo: Mark Templeton, Citrix president and CEO

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