Citrix achieves Q4 revenues of US$530m

27 Jan 2011

Virtualisation software player Citrix reported 17pc revenue growth for the fourth quarter driven by demand for desktop virtualisation and app networking technologies.

For the full year 2010, Citrix reported annual revenues of US$1.87bn, compared to US$1.61bn in the previous year, a 16pc increase.

Annual net income for 2010 was US$277m, or US$1.46 per diluted share, compared to US$191m, or US$1.03 per diluted share in fiscal 2009.

Market leadership

“In 2010, we achieved stronger market leadership positions in desktop virtualisation, web collaboration and app networking. Citrix gained significant strategic visibility in the IT executive suite, and we delivered solid operating leverage in our financial model,” said Mark Templeton, president and chief executive officer for Citrix.

“I’m very pleased with our results – a fantastic year.

“Our customers are telling us they want to simplify enterprise computing, they want to embrace IT consumerisation, and they are ready to adopt more cloud services – all to transform IT to an on-demand service. These three powerful market forces are driving a need for Citrix virtual infrastructure and making our platform more relevant and strategic.

“We will focus in 2011 on further leveraging our unique market opportunity by broadening the reach of web collaboration, by enabling public and private clouds, and driving mainstream adoption of desktop virtualisation,” Templeton said.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years