Omzetgroei dit kwartaal gestegen met 26% ten opzichte van vorig jaar; winst per aandeel (GAAP) was 0,33 dollar ten opzichte van 0,23 dollar in dezelfde periode vorig jaar; de winst per aandeel (NON-GAAP) was 0,41 dollar ten opzichte van 0,34 dollar in dezelfde periode vorig jaar Vianen, 18 oktober 2007 - Citrix Systems, Inc. (Nasdaq:CTXS), wereldwijd marktleider op het gebied van application delivery infrastructure, heeft de financiële resultaten bekend gemaakt over het derde kwartaal van boekjaar 2007, dat eindigde op 30 september 2007.
In het derde kwartaal van boekjaar 2007 behaalde Citrix een omzet van 350 miljoen dollar. Vergeleken met de omzet over het derde kwartaal van 2006 van 278 miljoen dollar betekent dit een omzetgroei van 26%.
Belangrijke resultaten in het derde kwartaal ten opzichte van het derde kwartaal vorig jaar waren:
- een omzetgroei van 20% in EMEA
- inkomsten uit productlicenties stegen met 24%
- inkomsten uit licentie-updates stegen met 21%
- online diensten vormen 56 miljoen dollar van de omzet, een stijging van 43%
- inkomsten uit technische diensten, waaronder consultancy, educatie en technische ondersteuning vallen, stegen met 32%
- de overnames van XenSource en QuickTree
- plaatsing door Gartner in het Enterprise Single Sign-On leiderskwadrant
Hieronder volgt het volledige persbericht:
Citrix Reports Record Third Quarter Earnings Results
Year-over-year Quarterly Revenue Growth of 26%
GAAP Diluted Earnings Per Share of $0.33; 41% Growth Over Comparable Period Last Year
Non-GAAP Diluted Earnings Per Share of $0.41; 21% Growth Over Comparable Period Last Year
FORT LAUDERDALE, Fla. — Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in application delivery infrastructure, today reported financial results for the third quarter of fiscal 2007 ended Sept. 30, 2007.
FINANCIAL RESULTS
In the third quarter of fiscal 2007, Citrix achieved revenue of $350 million, compared to $278 million in the third quarter of fiscal 2006, representing 26 percent revenue growth.
GAAP Results
Net income for the third quarter of fiscal 2007 was $61 million, or $0.33 per diluted share, compared to $44 million, or $0.23 per diluted share for the third quarter of 2006.
Non-GAAP Results
Non-GAAP net income, in the third quarter of 2007 increased 20 percent to $77 million, or $0.41 per diluted share, compared to $65 million, or $0.34 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, write-off of in-process research and development and the tax effects related to those items.
“I’m very pleased with our third quarter results,” said Mark Templeton, president and chief executive officer for Citrix. “We have been focused on execution, aligning all elements of the business to our strategy, driving the pipeline for new products and adding to our go-to-market strength.
“Our results for the quarter demonstrate our success in these areas.”
Q3 Financial Highlights
In reviewing the third quarter results of 2007, compared to the third quarter of 2006:
- Product license revenue increased 24 percent;
- Revenue from license updates grew 21 percent;
- Online services contributed $56 million of revenue, up 43 percent;
- Technical services revenue, which is comprised of consulting, education and technical support, grew 32 percent;
- Revenue grew in the America’s region by 24 percent; the EMEA region by 20 percent, and the Pacific region by 31 percent;
- Deferred revenue totaled $396 million, compared to $314 million on September 30, 2006;
- Operating margin was 17 percent for the quarter; non-GAAP operating margin was 24 percent for the quarter, excluding the effects of amortization of intangible assets primarily related to business combinations, and stock-based compensation expense;
- Cash flow from operations was $86 million, compared to $70 million in the third quarter of 2006. This brings total twelve month trailing cash flow from operations to $415 million.
Financial Outlook for Fourth Fiscal Quarter 2007
Citrix management offers the following guidance for the fourth fiscal quarter 2007 ending Dec. 31, 2007:
- Net revenue is expected to be in the range of $374 million to $382 million, compared to $321 million in the fourth quarter of 2006.
- GAAP diluted earnings per share is expected to be in the range of $0.24 to $0.25, including $0.03 of dilution related to XenSource’s operating expenses and additional shares issued in conjunction with the acquisition. Non-GAAP diluted earnings per share, which also includes $0.03 of dilution related to XenSource’s operating expenses and additional shares issued in conjunction with the acquisition, is expected to be in the range of $0.42 to $0.43. In addition, this earnings per share range excludes $0.10 related to the effects of amortization of intangible assets primarily related to business combinations and the expected write-off of in-process research and development in connection with the acquisition of XenSource, and $0.08 to $0.09 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 $1.36 billion to $1.37 billion, compared to $1.13 billion in fiscal year 2006.
- GAAP diluted earnings per share is expected to be in the range of $1.05 to $1.06, including $0.03 of dilution related to XenSource’s operating expenses and additional shares issued in conjunction with the acquisition. Non-GAAP diluted earnings per share, which also includes $0.03 of dilution related to XenSource’s operating expenses and additional shares issued in conjunction with the acquisition, is expected to be in the range of $1.52 to $1.53. In addition, this earnings per share range excludes $0.22 related to the effects of amortization of intangible assets primarily related to business combinations and expected write-off of in-process research and development in connection with the acquisition of XenSource and the write-off of in-process research and development related to the Ardence acquisition, and $0.25 to $0.26 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 2007, Citrix:
- Announced our intention to acquire XenSource, Inc., to enhance solutions in the server and desktop virtualization markets
- Extended its virtualization alliance with Microsoft by standardizing on a virtualization format making it easier for customers to deliver desktops and applications to end users
- Citrix Password Manager™ placed in the Leaders Quadrant for the “Magic Quadrant for Enterprise Single Sign-On, 2007” report authored by Gartner Research
- Acquired QuickTree to give customers the best way to leverage XML enabled applications and next-generation service oriented architectures
- Citrix® GoToMeeting® was cited as offering Best Overall Customer Experience in a Wainhouse Research report for ease of use, instant meetings and value
- Named a ‘Strong Performer’ in Forrester “Wave Report: WAN Optimization Appliances, Q3 2007” dated July 20, 2007 for having one of the best strategies in the WAN optimization industry
- Received 2007 Frost & Sullivan award for innovation in the SSL VPN marketplace
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 Oct. 19, 2007, by dialing (800) 642-1687 or (706) 645-9291 (passcode required: 18976487).
About Citrix
Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader and the most trusted name in application delivery infrastructure. More than 200,000 organizations worldwide rely on Citrix to deliver any application to users anywhere with the best performance, highest security and lowest cost. Citrix customers include 100% of the Fortune 100 companies and 99% of the Fortune Global 500, as well as hundreds of thousands of small businesses and prosumers. Citrix has approximately 6,200 channel and alliance partners in more than 100 countries. Annual revenue in 2006 was $1.1 billion.
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 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, statements concerning virtualization technology, the statements contained in the Financial Outlook for Fourth Fiscal Quarter 2007, Financial Outlook for Fiscal Year 2007 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 possibility that the proposed acquisition of XenSource will not close or that the closing may be delayed; the reaction of customers of Citrix and XenSource to the acquisition of XenSource; Citrix's timing and ability to successfully integrate acquired companies, their products, operations (including migration to Citrix's systems and controls) and employees; the introduction of new products by competitors or the entry of new competitors into the markets for Citrix's and XenSource's products; failure to further develop and successfully market the technology and products of acquired companies, including failure to execute Citrix's sales and marketing plans and failure to successfully partner with XenSource’s key distributors, resellers, OEM's and strategic partners; and the possible failure to achieve or maintain anticipated revenues and profits from acquisitions, including from the company’s proposed acquisition of XenSource; the company’s ability to maintain and expand its business in small-sized and large enterprise accounts; the size, timing and recognition of revenue from significant orders; the effect of new accounting pronouncements on revenue and expense recognition; 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; intellectual property litigation; shareholder litigation and actions by the Securities and Exchange Commission and/or other governmental agencies and negative tax and other costs related to the remediation of certain tax-related liabilities, each in connection with the Audit Committee’s investigation of the company’s historical stock option granting practices and related accounting; 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, including those of acquired companies; 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
www.citrix.com/investors.
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Citrix®, GoToMeeting®, Citrix Password Manager™, Citrix WANScaler™ and Citrix EdgeSight™ 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
Over Citrix
Citrix Systems, Inc. (Nasdaq: CTXS) is wereldwijd marktleider en de meest vertrouwde naam op het gebied van application delivery infrastructure. Meer dan 200.000 organisaties wereldwijd vertrouwen op Citrix om elke gebruiker optimaal toegang te bieden tot elke applicatie, met de beste prestaties, het hoogste beveiligingsniveau en de laagste kostprijs. De complete Fortune 100 en 99% 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 2006 behaalde Citrix een omzet van $1,1 miljard. Kijk voor meer informatie op
www.citrix.com Voor meer persinformatie kunt u contact opnemen met:
Cathelijne van den Bosch van LEWIS
Tel: +31 (0)40 235 46 00
E-mail:
cathelijnev@lewispr.com Nienke Schipper-Pauw van Citrix Systems
Tel: +31 (0)347 324 845
E-mail:
nienke.schipper@eu.citrix.com www.citrix.com