Citrix Q2 revenues up 16% in Americas

- Friday, August 5, 2011

Citrix Q2 revenues up 16% in Americas

US enterprise access solutions provider Citrix Systems (Nasdaq: CTXS) saw its revenues increase 16% in the Americas in the second quarter of the year, the company reported in a release without providing hard figures.

In 2Q11, Citrix's global net income jumped 71% year-on-year to US$81.4mn, while revenues rose to US$531mn, compared to US$458mn for the second quarter of 2010.

For the first half of the year, net income soared 63% to US$155mn compared to US$95mn in the same period last year, while revenues were up 17% to US$1.02bn in the same comparison.

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"Demand for our virtualization, networking and cloud solutions continues to be strong across the board," said president and CEO Mark Templeton. "The transition from the PC era to the cloud era is driving a rapid transformation in computing that strongly favors agile players like Citrix."

The company provided revenue guidance of US$540mn-547mn for Q3 and US$2.16bn-2.19bn for full 2011.

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