Cloud transition pays off for Citrix


Cloud transition pays off for Citrix

Microscope contributor

Citrix Systems today reported financial results for the second quarter of fiscal 2011 ended 30 June 30, 2011, writes Linda Endersby.

The firm, which announced the acquisition of earlier this month, achieved revenue of $531m, compared to $458m in the same quarter last year, up 16%.

Net income was $82m, or $0.43 per diluted share, compared to $48m, or $0.25 per diluted share last year. Operating margin was 18%.

Citrix president and CEO Mark Templeton said: "The transition from the PC Era to the Cloud Era is driving a rapid transformation in computing that strongly favors 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."

Templeton said demand for virtualisation, cloud and networking solutions remained strong. 

The highest growth from the previous year was seen in Technical Services revenue, up 33%, with growth in the Pacific region was strongest at 31%.

The company announced 3 new products to their cloud portfolio during the quarter: 'Project Olympus,' which helps customers build infrastructure-as-a-service clouds that are scalable, efficient and open by design; NetScaler Cloud Gateway; and NetScaler Cloud Bridge, giving IT organizations an easy way to extend enterprise datacenters and private clouds to external cloud services without compromising security, manageability or performance.

Citrix said it was targeting revenue of $540m to $547m in the third fiscal quarter of 2011 ending September 30, 2011 and for the fiscal year, revenue is targeted to be in the range of $2.16bn to $2.19bn.


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