Citrix license revenues dip in Q3

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Citrix license revenues dip in Q3

Microscope contributor

As the ships steady in the wake of the recession the latest to provide an indication that the damage has been contained and the future prospects should be brighter has been Citrix.

The virtualisation specialist unveiled Q3 results for the three months ended 30 September showing almost flat revenues year on year $401m and net income that was only slightly ahead of 2008 at $53m.

But the fly in the ointment came with the disclosure that product license revenue decreased by 18% compared to a year before and was flat from Q2.

The vendor moved earlier this week to react to user demands for changes to its XenDesktop 4 licensing options.

Mark Templeton, president and CEO at Citrix, said in an investor conference call that it viewed the Q3 results as solid and it had strengthened its position in the market.

"We are staying very disciplined in our fiscal approach and operational management but at the same time moving aggressive in some markets," he said.

He said some customers had increased the priority they were giving to virtualisation.

Looking forward, the company said it expected both revenues and net income to increase in the fourth quarter.


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