Citrix Q1 revenues up 22% in Americas

Friday, May 13, 2011

US enterprise access solutions provider Citrix Systems (Nasdaq: CTXS) saw its revenues increase 22% in the Americas in the first quarter of the year, the company reported in a release without providing hard figures.

"Customer demand was solid across our core SaaS, desktop and networking markets, especially in the Americas and Pacific [region up 25%], supported by large, strategic technical services engagements," said president and CEO Mark Templeton. "Clearly, the industry is rapidly moving from 'PC era' to 'cloud era,' where users are demanding - and CIOs are embracing - the consumerization of IT."

In 1Q11, Citrix's global revenue jumped 18% year-on-year to US$491mn, while net income rose to US$74mn, compared to US$47mn for the first quarter of 2010.

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The company provided guidance of US$515mn-525mn in revenues for Q2 and US$2.14bn-2.17bn for full year 2011 revenues.

Use this link to see Citrix's full financial statement.