Monday, 28 January 2008

Citrix See 24% Growth in Q4

Application delivery infrastructure provider Citrix Systems reported its financials for the fourth quarter at a 24 percent revenue growth. Its total revenue for the fourth quarter was 400 million dollars.

“For the year, we saw very strong revenue growth, good EPS growth, and real traction in product licensing. Our results are proof that the application delivery strategy is resonating with our customers,” said Mark Templeton, president and CEO of Citrix.

Some Q4 Financial Highlights include:

• Product license revenue increased 24 percent

• Revenue from license updates grew 19 percent

• Online services contributed million of revenue, representing an increase of 37 percent

• Technical services revenue, which is comprised of consulting, education and technical support, grew 28 percent

• Revenue grew in the America’s region by 23 percent; the EMEA region by 22 percent, and the Pacific region by 21 percent.