Citrix bounces back with higher revenue, profits

Citrix bounces back with higher revenue, profits


Thin-client software vendor Citrix Systems on Thursday reported big gains in quarterly revenues and profits compared to a year ago.

The company appears to have bounced back from a rough spot last year, when its financials took a beating, partly because of a falloff in orders for existing products as new products were brought out, and partly because of a new licensing scheme.

Citrix's main product is MetaFrame, a software program that displays applications running on Windows NT/2000 and Unix servers to terminals or other "thin clients." Using the software, enterprise customers can reduce desktop computing costs, improve application performance, and centrally manage applications on a few servers instead of hundreds or thousands of client PCs.

For the second quarter ending June 30, net revenues were $US147.3 million, up 39 per cent compared to $106.1 million for the same period last year.

Net income for the quarter was $22.9 million, or $0.12 per share, compared to $15 million in the year-ago quarter, or $0.07 per share. Adjusted net income, which excludes the effects of write-offs and amortization, was even higher: $36.3 million, or $0.19 per share for the quarter, compared to $20.8 million, or $0.10 per share a year ago.

Net revenue also increased, by 11 per cent, compared to the first quarter of this year, with its total of $132.8 million. Adjusted net income also rose from quarter to quarter. Citrix reaped $33.9 million, or $0.17 per share, in the earlier period.

Over the last 18 months, Citrix has been acquiring several small software companies, buying technology for its next generation of products. The company has not explicitly spelled out its plans in public. But the acquisitions seem designed to create a customizable user interface that will overlay the entire range of backend corporate applications, whether on Windows and Unix servers, mainframes, or Web servers.

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