Welcome!

-->

Virtualization Authors: Paige Leidig, Jason Williams, Phil Worms, Matt Hester, Kevin Benedict

Related Topics: Wireless, Virtualization, Cloud Expo

Wireless: Article

Citrix Sees Little Growth

Q2 revenue, up 3% in the Americas, dropped 12% in EMEA and 4% in the Pacific
By Maureen O'Gara
Article Rating:
July 23, 2009 08:00 AM EDT
Reads:
 16,169

Citrix on Ulitzer

After closing out the second quarter with flat revenues of $393 million and earnings of $43 million, or 23 cents a share – 39 cents non-GAAP and so a penny better than expected – Citrix Systems took the auspices and figures revenues are gonna be flat again in both Q3 and the full year with little improvement in its margins.

As a result, Wall Street took its stock down around 2%.

CEO Mark Templeton said the economic is still tough, especially in EMEA, but claimed “our customers are embracing IT as an on-demand service, confirming our strategy around desktop virtualization, the next-generation data center and SaaS.”

Indicative of his point, Q2 revenue, up 3% in the Americas, dropped 12% in EMEA and 4% in the Pacific.

Broadly speaking the company’s Q2 product license revenue dropped 15%; revenue from license updates was up 9%; online services revenue was up 18%; and technical services revenue, a mix of consulting, education and technical support, grew 3%.

Deferred revenue totaled $538 million, compared to $476 million year-over-year. v The company’s GAAP operating margin was 10%, its non-GAAP operating margin was 22%; and cash flow from operations was $86 million.

Published July 23, 2009 – Reads 16,169
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.