Citrix cost controls bolster Q3 figures


Citrix cost controls bolster Q3 figures

Simon Quicke

Citrix has joined the list of vendors reporting results this week with revenues going up but net income not performing so well year-on-year.

The vendor announced an increase of 14% in its Q3 revenue to $399m compared to $350m for the year before. But GAAP net income was $49m compared to $61m in 2007.

Revenue in EMEA grew by 21% with the Americas delivering 9% growth for the vendor.

In a statement, Mark Templeton, president and CEO of Citrix, said that it had started to get a tighter grip on costs and that had been reflected in its results.

"In the quarter, we took decisive actions to hold operating expenses flat, introduce new cost efficiency programmes, and direct our customer conversations toward the tangible cost-savings we provide. These factors helped us deliver double digit revenue growth in a tough macro-economic environment," he said.

In the last quarter Citrix has also taken the wraps off its Cloud Centre that taps into the current trend for hosted services and launched XenServer 5, its latest version of its server virtualisation product.

Related Topics: Topics Archive, VIEW ALL TOPICS

Join the conversation Comment



    Contribute to the conversation

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