Kwartaalinkomsten stegen met 29 procent ten opzichte van vorig jaar 0,24 dollar winst per aandeel (GAAP), ten opzichte van 0,22 dollar in dezelfde periode vorig jaar 0,33 dollar winst per aandeel (Non-GAAP), ten opzichte van 0,24 dollar in dezelfde periode vorig jaar Citrix Systems, Inc. (Nasdaq:CTXS), wereldwijd marktleider op het gebied van access infrastructure solutions, heeft de financiële resultaten over het eerste kwartaal van boekjaar 2006, dat eindigde op 31 maart 2006, bekendgemaakt.
In het eerste kwartaal van 2006 behaalde Citrix een omzet van 260 miljoen dollar, in vergelijking tot een omzet van 202 miljoen in het eerste kwartaal van boekjaar 2005, ofwel een groei van 29 procent.
Belangrijke resultaten ten opzichte van vorig jaar betroffen:
- de omzetgroei in EMEA met 26 procent
- de omzetgroei uit de verkoop van productlicenties met 27 procent
- de bijdrage van online services aan de totale omzet bedroeg 32 miljoen, een groei van 55 procent
Hieronder vind u het volledige persbericht, met de resultaten, hoogtepunten en verwachtingen ten aanzien van het volgende kwartaal.
Citrix Reports First Quarter Earnings Results
Year-over-year Quarterly Revenue Growth of 29% GAAP Diluted Earnings Per Share of $0.24 Versus $0.22 Over Comparable Period Last Year Non-GAAP Diluted Earnings Per Share of $0.33 Versus $0.24 Over Comparable Period Last Year
Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in access infrastructure solutions, today reported financial results for the first quarter of fiscal 2006 ended March 31, 2006.
FINANCIAL RESULTS
In the first quarter of fiscal 2006, Citrix achieved revenue of $260 million, compared to $202 million in the first quarter of fiscal 2005, representing 29 percent revenue growth.
GAAP Results
Net income for the first quarter of fiscal 2006 was $45 million, or $0.24 per diluted share, compared to $39 million, or $0.22 per diluted share, for the first quarter of fiscal 2005.
Non-GAAP Results
Non-GAAP net income, in the first quarter of 2006 increased 45 percent to $61 million, or $0.33 per diluted share, compared to $42 million, or $0.24 per diluted share, in the comparable period last year. Non-GAAP net income excludes the effects of amortization of intangible assets primarily related to business combinations and the effects of stock-based compensation. Stock-based compensation impacted operating income by approximately $12 million.
“Our first quarter results were excellent,” said Mark Templeton, president and chief executive officer for Citrix. “We had strong top line and earnings growth, and another quarter of very solid cash flow. Our business continued its product license and license update growth, especially in Presentation Server licenses as our customers continued to upgrade to version 4.
“The results indicate that customers are finding our broad portfolio of products and services to be the most compelling set of access infrastructure solutions on the market.”
Q1 Financial Highlights
In reviewing the first quarter results of 2006, compared to the first quarter of 2005:
- Revenue grew in the America’s region by 27 percent; the EMEA region by 26 percent, and the Pacific region by 18 percent;
- Product license revenue increased 27 percent;
- Online services contributed $32 million of revenue, up 55 percent;
- Revenue from license updates grew 22 percent; and,
- Technical services revenue, which is comprised of consulting, education and technical support, grew 42 percent.
Other financial highlights included:
- Deferred revenue totaled $292 million, compared to $230 million at March 31, 2005;
- Operating margin was 20 percent for the quarter; non-GAAP operating margin was 28 percent for the quarter excluding the effects of amortization of intangible assets primarily related to business combinations and the effects of stock-based compensation expenses; and,
- Cash flow from operations was $95 million, compared to $73 million in the first quarter of 2005. This brings total twelve month trailing cash flow from operations to $316 million.
Financial Outlook for Second Fiscal Quarter 2006
Citrix management offers the following guidance for the second fiscal quarter 2006 ending June 30, 2006:
- Net revenue is expected to be in the range of $259 million to $265 million, compared to $211 million in the second quarter of 2005.
- GAAP diluted earnings per share is expected to be in the range of $0.24 to $0.26, compared to $0.16 in the second quarter of 2005. Non-GAAP diluted earnings per share is expected to be in the range of $0.32 to $0.33, excluding $0.03 related to the effects of amortization of intangible assets primarily related to business combinations, and $0.04 to $0.05 related to the effects of stock-based compensation expenses. This compares to $0.27 in the same quarter of the previous year, adjusted to exclude the effects of amortization of intangible assets, amortization of deferred stock-based compensation, and a net tax provision recorded in anticipation of repatriating certain foreign earnings pursuant to the American Jobs Creation Act of 2004.
The above statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.
Financial Outlook for Fiscal Year 2006
For fiscal year 2006, the company expects net revenue to be in the range of $1.07 billion to $1.09 billion, compared to $909 million in fiscal year 2005. The company expects GAAP diluted earnings per share to be in the range of $0.98 to $1.05, compared to $0.93 in fiscal year 2005. Non-GAAP diluted earnings per share to be in the range of $1.33 to $1.37, excluding $0.14 related to the effects of amortization of intangible assets primarily related to business combinations and $0.18 to $0.21 related to the impact stock-based compensation expenses. This compares to $1.17 for fiscal year 2005, when adjusted to exclude the effects of amortization of intangible assets primarily related to business combinations, deferred stock-based compensation, the write-off of in process research and development, the related tax effects of these items and the tax provision related to the repatriation of foreign earnings under the American Jobs Creation Act.
The above statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.
Company, Product and Alliance Highlights
During the first quarter of 2006, Citrix announced:
- Citrix® GoToMyPC® 5, offering breakthrough drag-and-drop file-transfer, a crisp true-color environment, convenient multi-monitor support, performance monitoring and tuning.
- Citrix Access Essentials™ 1.5, a new version of its secure remote access product for small to mid-sized businesses.
- Citrix® NetScaler® Application Firewall Standard Edition, a new version of its market-leading Web application firewall designed specifically for mid-sized enterprises and business units within large companies.
- Citrix Access Gateway™ Enterprise Edition, extending its SSL VPN leadership for large customers with a new Access Gateway edition that adds increased scalability and performance for the most complex and demanding enterprise environments.
- Technology Marketing Corporation (TMC®)’s INTERNET TELEPHONY® magazine (www.itmag.com) named Citrix Application Gateway™ with Smart Agent, as a recipient of a 2005 Product of the Year Award.
- Its board of directors authorized the company to repurchase up to an additional $200 million of Citrix common stock.
Conference Call Information
Citrix will host a conference call today at 4:45 p.m. ET to discuss its financial results, quarterly highlights and business outlook. The call will include a slide presentation, and participants are encouraged to listen to and view the presentation via webcast at
www.citrix.com/investors.
The conference call may also be accessed by dialing: (888) 799-0519 or (706) 634-0155, using passcode: CITRIX. A replay of the webcast can be viewed by visiting the Investor Relations section of the Citrix corporate Web site at
www.citrix.com/investors for approximately 30 days. In addition, an audio replay of the conference call will be available through April 21, 2006, by dialing (800) 642-1687 or (706) 645-9291 (passcode required: 7168040).
About Citrix
Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader and most trusted name in on-demand access. More than 180,000 organizations around the world rely on Citrix to provide the best possible access experience to any application for any user. Citrix customers include 100% of the Fortune 100 companies and 98% of the Fortune Global 500, as well as hundreds of thousands of small businesses and individuals. Citrix has approximately 6,200 channel and alliance partners in more than 100 countries. Citrix annual revenues in 2005 were $909 million. Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements by management, the statements contained in the Financial Outlook for Second Fiscal Quarter 2006, Financial Outlook for Fiscal Year 2006, and in the reconciliation of non-GAAP financial measures to comparable U.S. GAAP measures concerning management’s forecast of revenues and earnings per share, statements regarding existing and new products and services, and management’s plans, objectives and strategies, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitation, the success of the company’s product lines; the company’s product concentration and its ability to develop and commercialize new products and services; the success of investments in its product groups, foreign operations and vertical and geographic markets; the company’s ability to successfully integrate the operations and employees of acquired companies, and the possible failure to achieve or maintain anticipated revenues and profits from acquisitions; the company’s ability to maintain and expand its core business in large enterprise accounts; the company’s ability to attract and retain small sized customers; the size, timing and recognition of revenue from significant orders; the effect of new accounting pronouncements on revenue and expense recognition, including the effects of SFAS No. 123(R) on certain of the company’s GAAP financial measures due to the variability of the factors used to estimate the value of stock-based compensation; the company’s reliance on and the success of the company’s independent distributors and resellers for the marketing and distribution of the company’s products and the success of the company’s marketing and licensing programs; increased competition; changes in the company’s pricing policies or those of its competitors; management of operations and operating expenses; charges in the event of the impairment of assets acquired through business combinations and licenses; the management of anticipated future growth and the recruitment and retention of qualified employees; competition and other risks associated with the market for our Web-based access, training and customer assistance products and appliance products; as well as risks of downturns in economic conditions generally; political and social turmoil; and the uncertainty in the IT spending environment; and other risks detailed in the company’s filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Use of Non-GAAP Financial Measures
In our earnings release, conference call, slide presentation or webcast, we may use or discuss non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure are included in this press release after the condensed consolidated financial statements and can be found on the Investor Relations page of the Citrix corporate Web site at www.citrix.com/investors.
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Citrix®, NetScaler®, GoToMyPC®, Citrix Presentation Server™, Citrix Access Gateway™, Citrix Access Essentials™ and Citrix Application Gateway™ are trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.
BERICHT VOOR DE REDACTIE
Voor meer persinformatie kunt u contact opnemen met:
Marieke van Zuien van LEWIS Communicatie BV
Tel: +31 (0)40 235 46 00
E-mail: mariekev@lewispr.com
Nienke Schipper-Pauw van Citrix
Tel: +31 (0)347 324 845
E-mail: nieke.schipper-pauw@eu.citrix.com
www.citrix.com