Citrix Systems, Inc. (Nasdaq: CTXS), wereldwijd marktleider op het gebied van application delivery infrastructure, heeft vandaag de voorlopige financiële resultaten over het vierde kwartaal en het boekjaar eindigend op 31 december 2006 gepresenteerd. In het vierde kwartaal behaalde Citrix een omzet van 321 miljoen Dollar, een toename van 19% ten opzichte van de 269 miljoen Dollar in het vierde kwartaal van 2005. De jaaromzet over 2006 bedroeg 1,134 miljard Dollar, wat neerkomt op een groei van 25% in vergelijking met de 909 miljoen Dollar in het voorgaande jaar. De nettowinst (GAAP) kwam in het vierde kwartaal uit op 59 miljoen Dollar. Over heel het boekjaar 2006 bedroeg de nettowinst 196 miljoen Dollar, tegen 166 miljoen Dollar in 2005.
Belangrijkste resultaten uit het vierde kwartaal en het boekjaar 2006:
- een omzetgroei van 8% in EMEA ten opzichte van het vierde kwartaal van vorig jaar
- inkomsten uit product-licenties stegen met 10% ten opzichte van het vierde kwartaal van vorig jaar
- online diensten vormen 43 miljoen dollar van de omzet, een stijging van 50% ten opzichte van het vierde kwartaal van vorig jaar
- inkomsten uit licentie-updates stegen met 23% ten opzichte van het vierde kwartaal van vorig jaar
- inkomsten uit technische diensten, waaronder consultancy, educatie en technische ondersteuning vallen, stegen met 23% ten opzichte van het vierde kwartaal van vorig jaar
- overname van Ardence, Inc. waarmee de end-to-end application delivery infrastructure van Citrix is uitgebreid
- Een totale omzetgroei in boekjaar 2006 van 25% ten opzichte van het boekjaar 2005
Het volledige persbericht vindt u hieronder:
Citrix Reports Fourth Quarter and Fiscal Year 2006 Results
Year-over-year Quarterly Revenue Growth of 19%
Annual Revenue Growth of 25%
FORT LAUDERDALE, Fla. — Jan. 23, 2007 — Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in application delivery infrastructure, today reported preliminary financial results for the fourth quarter and fiscal year ended December 31, 2006.
PRELIMINARY FINANCIAL RESULTS
In the fourth quarter of fiscal 2006, Citrix achieved revenue of $321 million, compared to $269 million in the fourth quarter of fiscal 2005, representing 19 percent revenue growth. Annual revenues for 2006 were $1.134 billion, compared to $909 million in the previous year, a 25 percent increase.
GAAP Results
Net income for the fourth quarter of fiscal 2006 was $59 million, or $0.32 per diluted share, flat compared to the fourth quarter of fiscal 2005. Annual net income for 2006 was $196 million, or $1.05 per diluted share, compared to $166 million, or $0.93 per diluted share in fiscal 2005.
Non-GAAP Results
Non-GAAP net income, in the fourth quarter of 2006 increased by nine percent to $73 million, or $0.39 per diluted share, compared to $67 million, or $0.36 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, and the tax effects related to those items.
Annual non-GAAP net income for 2006 was $262 million, or $1.40 per diluted share, compared to $209 million, or $1.17 per diluted share, in 2005. Non-GAAP net income excludes the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expenses, the write-off of in-process research and development (IPR&D) and the tax effects related to those items. In addition, in 2005 non-GAAP net income also excludes the tax provision related to the repatriation of foreign earnings under the American Jobs Creation Act (AJCA).
“A strong finish to another very strong year of growth,” said Mark Templeton, Citrix president and chief executive officer. “We’ve built excellent momentum in each of our businesses, and I believe we’re entering 2007 with the best product pipeline, channel partnerships, and brand strength we’ve ever had. We’re well-positioned for continued growth as we lead the formation of the application delivery market.”
Stock Option Review
During the quarter, the Audit Committee of the company’s Board of Directors began a voluntary review of the company's historical stock option granting practices and the related accounting. This voluntary review was initiated in light of news about the option practices of numerous companies across several industries and not in response to any governmental investigation, whistleblower complaint or inquiries from media organizations. The Audit Committee has engaged independent outside legal counsel to conduct the review.
Because this review is ongoing, the company has not yet determined if it will need to record any non-cash adjustments to compensation expense related to prior stock option grants, making today’s results preliminary. Specifically, the company does not know whether any such non-cash compensation charges would affect the preliminary financial results for the fourth quarter ended December 31, 2006 or the full year 2006 being announced today, or would be deemed material and require the company to restate previously issued financial statements or would require an adjustment to the retained earnings balance on the company’s balance sheet. If any such charges are required, Citrix will also need to determine the impact of this matter on its system of internal controls.
Q4 Financial Highlights
In reviewing the fourth quarter preliminary results of 2006, compared to the fourth quarter of 2005:
- Revenue grew in the America’s region by 20 percent; the EMEA region by eight percent, and the Pacific region by 33 percent;
- Product license revenue increased 10 percent;
- Online services contributed $43 million of revenue, up 50 percent;
- Revenue from license updates grew 23 percent; and,
- Technical services revenue, which is comprised of consulting, education and technical support, grew 23 percent;
- Deferred revenue totaled $356 million, compared to $286 million at December 31, 2005;
- Operating margin was 20 percent for the quarter; non-GAAP operating margin was 27 percent for the quarter excluding the effects of amortization of intangible assets primarily related to business combinations and stock-based compensation expenses;
- Cash flow from operations was over $97 million, compared to $79 million in the fourth quarter of 2005;
- In its stock repurchase activity, the company received 3.6 million shares of its common stock at an average net price per share of $29.63 for a total value of approximately $107 million. The company has over $290 million remaining under the current repurchase authorization.
Annual Financial Highlights
- Total annual revenue grew 25 percent compared to fiscal 2005.
- Annual diluted earnings per share for fiscal 2006 increased 12 percent compared to fiscal 2005. Annual non-GAAP diluted earnings per share for fiscal 2006 increased 19 percent compared to fiscal 2005. Annual non-GAAP diluted earnings per share excludes the effects of amortization of intangible assets primarily related to business combinations, thewrite-off of IPR&D, stock-based compensation expenses and the tax effects related to those items. In addition, non-GAAP diluted earnings per share for 2005 excludes the tax provision related to the repatriation of foreign earnings under the AJCA.
- Operating margin was 19 percent for fiscal 2006; non-GAAP operating margin was 27 percent, excluding the items, except for tax effects, noted above.
- Cash flow from operations was $323 million for fiscal 2006 compared with $293 million last year.
- During fiscal 2006, the company received 9.5 million shares at an average net price per share of $30.77 for a total value of approximately $292 million.
Financial Outlook for First Quarter 2007
Citrix management expects to achieve the following results during its first fiscal quarter 2007 ending March 31, 2007:
- Net revenue is expected to be in the range of $298 million to $308 million, compared to $260 million in the first quarter of 2006.
- GAAP diluted earnings per share is expected to be in the range of $0.24 to $0.25. Non-GAAP diluted earnings per share is expected to be in the range of $0.34 to $0.35, excluding $0.04 related to the effects of amortization of intangible assets primarily related to business combinations and the write-off of IPR&D 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 2007
Citrix management expects to achieve the following results for the fiscal year 2007:
The company expects net revenue to be in the range of $1.290 billion to $1.310 billion.
- The company expects GAAP diluted earnings per share to be in the range of $1.14 to $1.19. Non-GAAP diluted earnings per share to be in the range of $1.51 to $1.54, 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 $0.20 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 fourth quarter of 2006, Citrix announced:
- The acquisition of privately held Ardence, Inc. of Waltham, MA, extending Citrix’s end-to-end application delivery infrastructure leadership by enabling the real-time, on demand provisioning of desktops, server images and service oriented architecture objects for improved IT agility; increased security and new options for how businesses deliver applications and desktops over the network to users.
- Citrix® NetScaler® continued to grow its market share in the $900M Application Delivery Controller (ADC) market according to a December 2006 report from Gartner, Inc. titled, “Market Share: Application Acceleration Equipment, Worldwide, 3Q06.” According to Gartner estimates, Citrix was one of only two market leaders to show an increase in both worldwide market share and manufacturer revenue in the advanced application delivery controller market segment.
Citrix WANScaler™ was positioned in the visionaries quadrant by Gartner, Inc. in the recently released “Magic Quadrant for WAN Optimization Controllers, 2006” report.
- Citrix Access Gateway™ was placed solidly in the leader category by Forrester Research receiving the highest score for strengths in reliability, performance, monitoring and reporting, as well as revenue growth and channel partner depth in the Forrester Wave™ SSL VPN Appliances report for the fourth quarter 2006.
- Citrix Access Gateway was also positioned for the first time ever in the leaders quadrant by Gartner, Inc. in the recently released “Magic Quadrant for SSL VPNs, Q306” report.
- Citrix® GoToWebinar™ was honored by Frost & Sullivan with its 2006 award for “Best New Web Conferencing Service” along with awards from LAPTOP Magazine Editors’ Choice, TMC Labs Innovation.
- The introduction of Citrix EdgeSight™ 4.2 application performance monitoring solution, which builds on technologies gained from the May 2006 acquisition of Reflectent Software, to provide enterprises with the ability to monitor performance in real-time across all applications from the end user’s perspective, regardless of connection method, application type or application delivery technology.
- The release of a new version of Citrix Password Manager™ designed specifically for Citrix Presentation Server™ customers, adding federated single sign-on, enhanced application compatibility, directory administration streamlining and remote user password reset.
- A partnership with Cisco to embed click-to-call into applications delivered on Citrix Presentation Server, allowing users to initiate voice communications directly from their business application.
- The authorization, by Citrix’s board of directors, of an additional $300 million repurchase of Citrix common stock.
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@eu.citrix.com
http://www.citrix.com