July 25, 2008

Citrix Q2 Earnings Drop As Revenue Rises 17%

Citrix Systems has reported a 35% decline in net income to $34.64m for the second quarter 2008, on revenue up 17% at $391.73m. The decline in profit was attributed to a rise in operating expenses.

The Fort Lauderdale, Florida-based provider of mobile infrastructure said product license revenue grew 12% to $153.45m, while license updates revenue rose 16% to $137.27m. Online services revenue grew 23% to $63.68m, while technical services revenue increased 34% to $37.31m.

Geographically, revenue from EMEA region grew 22%, Americas grew 13%, and Pacific grew 11%.

Mark Templeton, president and chief executive at Citrix, said: "We saw double-digit revenue growth in each of our geographic segments, and we achieved our non-GAAP EPS targets. Overall a great quarter in a tough macro-economic environment."

Looking ahead to the third quarter, it expects revenue between $385m and $400m and EPS between $0.12 and $0.16, and for the year, revenue between $1.59 billion and $1.62 billion and EPS between $1.54 and $1.60.