Citrix Reports Third Quarter 2011 Financial Results

Today 10/27, Citrix announced their 3rd Quarter results for 2011. The report included 565 million in revenue for the quarter which is a 20% growth year over year for the third quarter. In addition to the Q3 Financial summary shown below the report also provided a forward financial outlook for Citrix in Q4 and the fiscal 2011 year as well as a preliminary outlook for fiscal 2012.

Q3 Key Financial Results from the Report
In reviewing the third quarter results of 2011, compared to the third quarter of 2010:

• Product license revenue increased 28 percent;
• Revenue from license updates increased 7 percent;
• Online services revenue increased 20 percent;
• Technical services revenue, which is comprised of consulting, education and technical support, increased 37 percent;
• Revenue increased in the America’s region by 21 percent, increased in the EMEA region by 12 percent, and increased in the Pacific region by 39 percent;
• Cash flow from operations was $188 million, compared with $190 million in the third quarter of 2010;

Q3 Key Citrix Company Highlights from the Report

• Citrix closed the acquisition of Cloud.com
• Citrix closed the acquisition of RingCube®,
• Released Citrix XenDesktop® 5.5
• General Availability of Citrix XenServer® 6
• A new edition of CloudStack™ was released

Citrix Q3 Results Press Release

Pete