Citrix Q2 revenue hits $730m

Cloud SaaS

by Joe Curtis| 26 July 2013

Profits shrink on last year for cloud computing company due to net tax benefits in 2012.

Cloud computing company Citrix's second quarter revenue grew to $730m (£476m) but profit shrank by nearly a third to $64m compared to the same period last year, according to its financial results.

This decrease was largely down to a $22m net tax benefit which contributed to the $92m profit recorded in 2012, said the firm, which recorded revenue growth of 19% up from the $615m made in the second quarter last year.

Product and license revenue contributed to this improvement, bettering the year-ago quarter by 21%, as did SaaS revenue - increasing 15%.

License updates and maintenance also brought in an extra 18% on last year while professional services improved by 25% compared to the same period in 2012.

The Americas contributed the most to revenue growth, at 24%, with the Europe, Middle East and Africa region second with 16% and the Pacific area following with 10% growth.

Cash flow from all operations stood at $209m, compared to $168m in 2012.

Citrix president and CEO Mark Templeton said: "I'm pleased with our overall Q2 performance. We're executing well on product, go-to-market and partnership investments to drive growth in business mobility and cloud infrastructure.

"Everywhere, I continue to hear from CIOs about how they are challenged by the transformation, consumerisation and fragmentation that is taking place in computing.

"Our long-term strategy remains focused on helping our customers as they deal with these areas - using cloud services and business mobility to improve the security and agility of their infrastructure."

Citrix has targeted net revenue of $730m to $740m in the third quarter of 2013, with earnings on each share predicted to be around $0.41 to $0.42.

It also hopes to make up to $2.98bn net revenue for the whole of this year.

Comments
Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

745 people like this.
0 people follow this.

Cloud SaaS Intelligence

Suppliers Directory


See more
Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.