Wednesday, April 20, 2016

Citrix Hits Q1 Sales $826 Million, up 9% YoY

Citrix achieved revenue of $826 million, compared to $761 million in the first quarter of fiscal year 2015, representing 9 percent revenue growth. Net income for the first quarter of fiscal year 2016 was $83 million, or $0.54 per diluted share, compared to $29 million, or $0.18 per diluted share, for the first quarter of fiscal year 2015.

“I am very pleased with our performance this quarter on both the top line and bottom line,” said Kirill Tatarinov, chief executive officer for Citrix. “The progress we made in refocusing the company - simplifying our portfolio and sharpening our message – is starting to pay off."

Some highlights:

  • Product and license revenue increased 10 percent;
  • Software as a service revenue increased 17 percent;
  • Revenue from license updates and maintenance increased 6 percent;
  • Professional services revenue, which is comprised of consulting, product training and certification, decreased 12 percent;
  • Net revenue increased in the Americas region by 14 percent, increased in the EMEA region by less than 1 percent, and decreased in the Pacific region by 8 percent.