Citrix maakt resultaten derde kwartaal bekend
Kwartaalinkomsten gestegen met 22% ten opzichte van vorig jaar; winst per aandeel (GAAP) was 0,25 dollar ten opzichte van 0,23 dollar in dezelfde periode vorig jaar; de winst per aandeel (NON-GAAP) was 0,34 dollar ten opzichte van 0,29 dollar in dezelfde periode vorig jaar
Citrix Systems, Inc. (Nasdaq:CTXS), wereldwijd marktleider in access infrastructure solutions, heeft de financiële resultaten bekend gemaakt over het derde kwartaal van boekjaar 2006, dat eindigde op 30 september 2006.
In het derde kwartaal van boekjaar 2006 behaalde Citrix een omzet van 278 miljoen dollar. Vergeleken met de omzet over het derde kwartaal van 2005 van 227 miljoen dollar betekent dit een omzetgroei van 22%.
Belangrijke resultaten in het derde kwartaal waren:
- een omzetgroei van 17% in EMEA ten opzichte van het derde kwartaal van vorig jaar
- inkomsten uit product-licenties stegen met 17% ten opzichte van het derde kwartaal van vorig jaar
- online diensten vormen 39 miljoen dollar van de omzet, een stijging van 49% ten opzichte van het derde kwartaal van vorig jaar
- inkomsten uit licentie-updates stegen met 22% ten opzichte van het derde kwartaal van vorig jaar
- inkomsten uit technische diensten, waaronder consultancy, educatie en technische ondersteuning vallen, stegen met 19% ten opzichte van het derde kwartaal van vorig jaar
- de overname van Orbital Data voor een betere vertegenwoordiging in de snel groeiende WAN-optimalisatie markt
- nauwe samenwerking met Microsoft voor het gezamenlijk leveren van een multifunctionele Citrix-toepassing voor nevenkantoren
Hieronder volgt het volledige persbericht:
Citrix Reports Third Quarter Earnings Results
Year-over-year Quarterly Revenue Growth of 22%
GAAP Diluted Earnings Per Share of $0.25 Versus $0.23 Over Comparable Period Last Year
Non-GAAP Diluted Earnings Per Share of $0.34 Versus $0.29 Over Comparable Period Last Year
FORT LAUDERDALE, Fla. — October 18, 2006 — Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in access infrastructure solutions, today reported financial results for the third quarter of fiscal 2006 ended September 30, 2006.
FINANCIAL RESULTS
In the third quarter of fiscal 2006, Citrix achieved revenue of $278 million, compared to $227 million in the third quarter of fiscal 2005, representing 22 percent revenue growth.
GAAP Results
Net income for the third quarter of fiscal 2006 was $47 million, or $0.25 per diluted share, compared to $41 million, or $0.23 per diluted share for the third quarter of 2005.
Non-GAAP Results
Non-GAAP net income, in the third quarter of 2006 increased 24 percent to $65 million, or $0.34 per diluted share, compared to $52 million, or $0.29 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, stock-based compensation expenses, in-process research and development and the tax effects related to those items.
“We saw strength across our new product portfolio in the third quarter,” said Mark Templeton, president and chief executive officer for Citrix. “Continuing strong demand for our Application Networking and Citrix Online products, helping drive good, balanced performance.
“Also, of strategic importance, in the third quarter we acquired Orbital Data to pursue the fast growing WAN optimization market, and announced a related partnership with Microsoft to deliver a branch office appliance.”
Q3 Financial Highlights
In reviewing the third quarter results of 2006, compared to the third quarter of 2005:
- Revenue grew in the America’s region by 22 percent; the EMEA region by 17 percent, and the Pacific region by 13 percent;
- Product license revenue increased 17 percent;
- Online services contributed $39 million of revenue, up 49 percent;
- Revenue from license updates grew 22 percent; and,
- Technical services revenue, which is comprised of consulting, education and technical support, grew 19 percent.
Other financial highlights included:
- Deferred revenue totaled $314 million, compared to $255 million at September 30, 2005.
- Operating margin was 17 percent for the quarter; non-GAAP operating margin was 26 percent for the quarter, excluding the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense, in-process research and development and the tax effects related to those items.
- Cash flow from operations was $70 million, compared to $76 million in the third quarter of 2005. This brings total twelve month trailing cash flow from operations to $305 million.
- In its stock repurchase activity, the company repurchased 4 million shares of its common stock at an average net price per share of $32.42. The company has over $85 million remaining under the current repurchase authorization.
Financial Outlook for Fourth Quarter 2006
Citrix management offers the following guidance for the fourth quarter 2006 ending December 31, 2006:
- Net revenue is expected to be in the range of $307 million to $315 million, compared to $269 million in the fourth quarter of 2005.
- GAAP diluted earnings per share is expected to be in the range of $0.27 to $0.28. Non-GAAP diluted earnings per share is expected to be in the range of $0.37 to $0.38, excluding $0.04 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.
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 fiscal year 2006:
- The company expects net revenue to be in the range of $1.120 billion to $1.128 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 $1.01. Non-GAAP diluted earnings per share to be in the range of $1.37 to $1.38, excluding $0.15 related to the effects of the amortization of intangible assets and the write-off of in-process research and development primarily related to business combinations and $0.21 to $0.22 related to the effects of stock-based compensation expenses.
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 third quarter of 2006, Citrix announced:
- The addition of a new Citrix® WANScaler™ product line through the acquisition of privately held Orbital Data Corp., a leading provider of solutions that optimize the delivery of applications over wide area networks (WANs) giving Citrix best-in-class technology as well as a strategic presence at the entry point to branch offices worldwide.
- The expansion of its existing partnership in access and end-to-end application delivery with Microsoft Corporation to make application delivery faster, more secure and more cost-effective for employees in branch office locations. The two companies will collaborate on developing and marketing a new multifunction Citrix branch office appliance based on the Microsoft® Windows Server® operating system, Microsoft Internet Security and Acceleration (ISA) Server and the recently announced Citrix WANScaler solution.
- The introduction of the Citrix WANScaler 8000 Series of WAN optimization solutions featuring new breakthrough dynamic multi-level compression technology with extended disk-based history that can significantly improve application response times for branch office employees.
- The release of Citrix® NetScaler® 7.0 raising the bar for Web application delivery, making it dramatically easier for enterprises to accelerate the performance of business-critical web applications, secure sensitive application data and lower the cost of delivering web applications to any user, in any location.
- Citrix Application Firewall™ received the highest scores for preventing Web-based attacks of any product evaluated in the “Forrester Wave™ Web Application Firewalls Q2 2006” report.
- Citrix Access Gateway™ was recognized as the fastest growing product outpacing its nearest competitor by four times in the Secure Sockets Layer Virtual Private Network (SSL VPN) market over the past 12 months according to Infonetics Research, Inc. report, “Network Security Appliances and Software Quarterly Worldwide Market Share and Forecasts for 1Q’06.”
- Citrix® GoToMyPC® won LAPTOP Magazine’s Ultimate Choice Award for the second year-in-a-row in the best remote desktop-access service category.
- Citrix Password Manager™ received the highest possible rating in Gartner’s June 19, 2006 “MarketScope: Enterprise Single Sign-On Products, 2006,” authored by Gregg Kreizman, for its enterprise single sign-on (ESSO) solution.
- Frost & Sullivan chose Citrix Access Gateway as the winner of the 2006 Frost & Sullivan Best Practices Award for Product Line Strategy.
BERICHT VOOR DE REDACTIE
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™, WANScaler™ and Citrix Access 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.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and 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 (including statements concerning application delivery for branch offices), the statements contained in the Financial Outlook for Fourth 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 and growth 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; Citrix’s and Microsoft’s ability to develop and market a multi-function Citrix branch office appliance; 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 statement and can be found on the Investor Relations page of the Citrix corporate Web site at http://www.citrix.com/investors.
Voor meer persinformatie kunt u contact opnemen met:
Marieke van Zuien van LEWIS
Tel: +31 (0)40 235 46 00
E-mail: mariekev@lewispr.com
Nienke Schipper-Pauw van Citrix Systems
Tel: +31 (0)347 324 800
E-mail: nienke.schipper-pauw@eu.citrix.com
http://www.citrix.com