Cloud and mobility demand drive Citrix revenues


Cloud and mobility demand drive Citrix revenues

Simon Quicke

Demand for cloud, mobility and desktop virtualisation products and services helped drive revenue at Citrix putting the BYOD champion in a position to talk about growth.

Although profits could not manage the same rate of growth as revenue, with net income for the first quarter coming in at $68m compared to $74m a year earlier, there were plenty of arrows pointing upwards elsewhere in the business.

Product and licenses revenue grew by 19%, SaaS turnover climbed by 21% and the money from professional services also saw an increase of 38% for the three months ended 31 March.

Mark Templeton, president and CEO of Citrix, said it had made a solid start to the year particularly around, "web collaboration, desktop virtualisation and cloud networking".

"We are expanding into fast growing, adjacent markets, all fueled by three powerful forces -  the need for mobility, the enterprise cloud evolution and the build-out of hosted cloud services," he added.

Related Topics: Cloud Platforms, VIEW ALL TOPICS

Join the conversation Comment



    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.