Kwartaalinkomsten gestegen met 30% ten opzichte van vorig jaar; de winst per aandeel (GAAP) was 0,24 dollar ten opzichte van 0,16 dollar in dezelfde periode vorig jaar; de winst per aandeel (NON-GAAP) was 0,33 dollar ten opzichte van 0,27 dollar in dezelfde periode vorig jaar
Citrix Systems, Inc. (Nasdaq: CTXS), wereldwijd marktleider in access infrastructure solutions, heeft de financiële resultaten over het tweede kwartaal van boekjaar 2006, dat eindigde op 30 juni 2006, bekend gemaakt.
In het tweede kwartaal behaalde Citrix een omzet van 275 miljoen dollar. Vergeleken bij de omzet over het tweede kwartaal van 2005 van 211 miljoen dollar betekent dit een omzetgroei van 30%.
Belangrijke resultaten waren:
- een omzetgroei van 20% in EMEA ten opzichte van vorig jaar
- inkomsten uit licenties stegen met 28% ten opzichte van vorig jaar
- online diensten vormden 35 miljoen dollar van de omzet, een stijging van 47 procent ten opzichte van vorig jaar de overname van Reflectent Software
Hieronder volgt het volledige persbericht:
Citrix Reports Second Quarter Earnings
- Results Year-over-year Quarterly Revenue Growth of 30%
- GAAP Diluted Earnings Per Share of $0.24 Versus $0.16 Over Comparable Period Last Year
- Non-GAAP Diluted Earnings Per Share of $0.33 Versus $0.27 Over Comparable Period Last Year
FORT LAUDERDALE, Fla. — July 19, 2006 - Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in access infrastructure solutions, today reported financial results for the second quarter of fiscal 2006 ended June 30, 2006.
FINANCIAL RESULTS In the second quarter of fiscal 2006, Citrix achieved revenue of $275 million, compared to $211 million in the second quarter of fiscal 2005, representing 30 percent revenue growth.
GAAP Results
Net income for the second quarter of fiscal 2006 was $46 million, or $0.24 per diluted share, compared to $28 million, or $0.16 per diluted share, for the second quarter of fiscal 2005.
Non-GAAP Results Non-GAAP net income, in the second quarter of 2006 increased 34 percent to $64 million, or $0.33 per diluted share, compared to $48 million, or $0.27 per diluted share, in the comparable period last year. Non-GAAP net income excludes the effects of the amortization of intangible assets primarily related to business combinations, stock-based compensation expenses and the tax effects related to those items. In addition, adjusted results for the second quarter of 2005 exclude a net tax provision recorded in anticipation of repatriating certain foreign earnings pursuant to the American Jobs Creation Act of 2004 (AJCA).
“I’m pleased with our second quarter results,” said Mark Templeton, president and chief executive officer for Citrix. “We saw across-the-board strength in our product portfolio and in our geographic segments. We are well positioned for the second half of 2006 as we continue to drive our access infrastructure strategy.”
Q2 Financial Highlights In reviewing the second quarter results of 2006, compared to the second quarter of 2005:
- Revenue grew in the America’s region by 36 percent, the EMEA region by 20 percent and the Pacific region by 24 percent;
- Product license revenue increased 28 percent;
- Online services contributed $35 million of revenue, up 47 percent;
- Revenue from license updates grew 24 percent; and
- Technical services revenue, which is comprised of consulting, education and technical support, grew 52 percent.
Other financial highlights included:
- Deferred revenue totaled $311 million, compared to $243 million on June 30, 2005;
- Operating margin was 19 percent for the quarter; non-GAAP operating margin was 27 percent for the quarter, excluding the effects of the amortization of intangible assets primarily related to business combinations, stock-based compensation expenses and the tax effects related to those items; and
- Cash flow from operations was $60 million, compared to $65 million in the second quarter of 2005. This brings total twelve month trailing cash flow from operations to approximately $310 million.
Financial Outlook for Third Fiscal Quarter 2006 Citrix management offers the following guidance for the third fiscal quarter 2006 ending September 30, 2006:
- Net revenue is expected to be in the range of $275 million to $280 million, compared to $227 million in the third quarter of 2005
- GAAP diluted earnings per share is expected to be in the range of $0.24 to $0.26, compared to $0.23 in the third quarter of 2005. Non-GAAP diluted earnings per share is expected to be in the range of $0.33 to $0.34, excluding $0.03 related to the effects of amortization of intangible assets primarily related to business combinations and $0.05 to $0.06 related to the effects of stock-based compensation expenses. This compares to $0.29 in the same quarter of the previous year, adjusted to exclude the effects of the amortization of intangible assets primarily related to business combinations, stock-based compensation expenses, the write off of in-process research and development and the tax effects related to those items.
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
Citrix management offers the following guidance for the fiscal year 2006 ending December 31, 2006:
- The company expects net revenue to be in the range of $1.105 billion to $1.120 billion, compared to $909 million in fiscal year 2005
- The company expects GAAP diluted earnings per share to be in the range of $1.00 to $1.05, compared to $0.93 in fiscal year 2005. Non-GAAP diluted earnings per share to be in the range of $1.36 to $1.39, excluding $0.14 related to the effects of the amortization of intangible assets primarily related to business combinations and $0.20 to $0.22 related to the effects of stock-based compensation expenses. This compares to $1.17 for fiscal year 2005, when adjusted to exclude the effects of the amortization of intangible assets primarily related to business combinations, stock-based compensation expenses, 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 AJCA.
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 second quarter of 2006, Citrix announced:
The appointment of Asiff Hirji, Chief Operating Officer for TD Ameritrade, to its Board of Directors
The acquisition of privately held Reflectent Software, Inc., provider of one of the industry’s most widely deployed solutions to monitor the performance of client-server, Web and desktop applications from an end-user perspective
Citrix® GoToWebinar™, the company’s next-generation collaboration offering, giving marketing professionals a simple and affordable solution available for conducting online events, such as large sales presentations and marketing events over the Web
Citrix® NetScaler® 12000, the new system designed for large-scale Web applications handling millions of simultaneous users conducting hundreds of thousands of transactions per second
Citrix® GoToMyPC® won PC World’s 2006 World Class Award for best remote-access software for the fourth consecutive year citing its “unbeatable speed, security and hassle-free approach.”
Citrix Password Manager™ won the prestigious SC Magazine Awards 2006 Europe in the Reader Trust category “Best Password Management.”
Over Citrix
Citrix Systems, Inc. (Nasdaq: CTXS) is wereldwijd marktleider en de meest vertrouwde naam op het gebied van access infrastructure solutions. Meer dan 180.000 grote organisaties wereldwijd vertrouwen op Citrix om elke gebruiker optimaal toegang te bieden tot elke applicatie. De complete Fortune 100 en 98% van de Fortune Global 500 maakt gebruik van Citrix, alsmede honderdduizenden kleine bedrijven en particulieren. Citrix heeft ongeveer 6.200 verkoop- en alliantiepartners in meer dan 100 landen. In 2005 behaalde Citrix een omzet van $909 miljoen. Kijk voor meer informatie op www.citrix.com.
Citrix®, NetScaler®, GoToMyPC®, Citrix Password Manager™ and GoToWebinar™ 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.
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 Third 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, and statements regarding 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 http://www.citrix.com/investors.