Citrix revenue up 18% in the last quarter

Trade

Citrix Systems have recently announced that their overall revenues increased 18% in the last quarter to $491million, compared with $414million from the same period last year. They also report that net income for the first quarter of 2011 rose to $74million from $47million from the start of 2010.

There has been speculation that the dramatic rise in revenue is a result of Citrix’s move towards Cloud Computing over the last while. Mark Templeton, president and chief executive officer for Citrix contended that “the industry is moving from ‘PC era’ to ‘cloud era’. We’re driving the transition with products that change how people collaborate, how desktops are delivered, and how delivery networks are built.” Templeton contends that Citrix’s ‘go-to-market’ alliances with partners such as Microsoft, Cisco, Dell and HP, as well as product innovation in XenDesktop 5 and XenApp 6 are what has led to such a strong market performance. Templeton stated, “This is how we’re driving Desktop Virtualization into the mainstream.”

Citrix has continued to expand over recent years as the company created 350 new jobs during 2010. Their XenDesktop software has provided massively popular, considering that 50 Citrix customer have more than 10,000 licenses, with several having in excess of 100,000 licenses. The IT developer who recently acquired Netviewer AG a European Software-as-a-Service (SaaS) vendor intend to increase their global expansion. Citrix is especially proud to announce that even their Japanese office reported growth and a rise in revenue despite the earthquake and tsunami in February of this year.

Citrix’s announcement earlier this year that they are embarking in a partnership with Skype to deliver web and audio conferencing capabilities as fuelled high expectations for Citrix to continue this rise in revenue. They also announced in the last quarter that Citrix will continue to provide engineering support to Amazon for the optimisation of Citrix products and windows applications that run on Amazon Web Services (AWS). Expectations are that this growth will continue into the next quarter.

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