Citrix reports revenue increase of 13% for Q3 2012


by CBR Staff Writer| 25 October 2012

Enterprise infrastructure software maker Citrix reported that it posted revenues of $641m for the third quarter of 2012, an increase of 13% from the revenue of $565m it achieved in the same quarter of 2011.

The Santa Clara-based company said its profit for the period witnessed a fall of 15.2% to $78m in the third quarter of 2012 from $92m in the corresponding quarter of the previous year.

Citrix president and chief executive officer Mark Templeton said the company had done well in the third quarter despite uncertainty over IT spending across the world.

"We continue to see a fundamental transformation of IT taking place. And Citrix remains in a great position as customers prioritise their investments for a world shaped by mobile workstyles and cloud services," said Templeton.

The company's revenue took a beating in the Americas where its growth was only 7%, but the Europe Middle East Africa (EMEA) and Pacific region compensated for that dip by posting revenues of 20% and 17% respectively.

In the fourth quarter of 2012, the company expects revenue in the range of $700m to $710m.

For the fiscal year of 2012, the company expects revenue in the range of $2.55bn to $2.56bn.

The software maker expects revenue to grow by 13% for the fiscal year 2013.

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