Feeds

Citrix kinda' reports Q2 earnings

Revenue up 21 per cent, use your imagination from there

Next gen security for virtualised datacentres

Citrix Systems saw second quarter revenue rise 21 per cent, driven by growth in product license revenue, online services and technical services.

Revenue for the quarter was $334m, up from $275m in the same quarter last year.

The company didn't report earnings due to a recently completed review into its stock options granting practices. As a result, the company plans to restate its issued financial statements and reports for fiscal years 2004 and 2005 and quarterly statements between '05 and '06. The investigation concluded in June that there was no intentional wrongdoing by a current executive at Citrix.

The Florida-based software maker's operating expenses during the quarter were approximately $268m. The figure includes about $3m in accounting, legal and tax fees related to the stock option review.

Product license revenue increased 16 per cent year-over-year to $136.6m from $117.8m. Revenue from license updates grew 18 per cent from last year to $118.2m. Online services jumped 47 per cent year-over-year to $51.8m from $22.1m.

Does Citrix CEO Mark Templeton have fueled optimism? Let's go to the release:

“The combination of our results, our strong market traction and the relevancy of Application Delivery Infrastructure to our customers, fuels my optimism for the rest of the year.”

Optimism fueled. Check. We're good for forward-looking statements.

Citrix expects third quarter revenue to be in the range of $335m to $343m — that's up from $278m in the third quarter of '06. Operating costs are forecast to be between $266m and $272m, including $2m for stock option review expenses.

For the fiscal year '07, the company expects net revenue to be in the range of $1.34bn to $1.36bn, compared to an '06 figure of $1.13bn. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.