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October 22, 2010

Citrix Q3 revenue up 18% to $472.2m

Announces $0.46 diluted earnings per share

By CBR Staff Writer

Citrix has reported revenue of $472.2m in the third quarter ended September 30 2010, an increase of 18% as compared to $401.0m in the same period last year.

The company posted an operating income of $81.5m, up 45% as compared to $56.1m in the same period last year.

For the quarter ended September 30 2010, the company posted a net income of $88m, up 65% as compared to $53.4m in the same period a year ago.

Diluted earnings per share increased to $0.46 from $0.29.

Citrix president and CEO Mark Templeton said it is clear they are at the intersection of three powerful market forces – the transformation of IT to an on-demand service; the consumerisation of IT in the enterprise; and, the promise of cloud services.

"These trends are driving a need for virtual computing, making Citrix and our platform more relevant and strategic," Templeton said.

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The company expects net revenue to be in the range of $500m to $510m; and GAAP diluted earnings per share to be in the range of $0.47 to $0.49, for the fourth fiscal quarter of 2010 ending December 31 2010.

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