Citrix Systems Inc reported excellent first-quarter results, with net income up 159% at $7.5m on revenue that soared 177% to $21.5m. Earnings per share rose 136% to $0.26, shattering the First Call consensus of $0.18. The company cites strong demand for its flagship WinFrame product line and the expansion of European operations and worldwide distribution channels for the fine results. It also points to the current momentum of thin client computing and the implementation of Intelligent Console Architecture as the standard thin client Windows presentation protocol. During the quarter, Citrix signed ICA licensing agreements with Motorola, Psion, Telechips and Cubix. The company says it is well positioned for the future, with $148.2m in cash and short-term investments and shareholders’ equity of $150.5m at the close of the quarter.
