Citrix reports 20% 2010 revenue increase in the Americas

Thursday, January 27, 2011

US enterprise access solutions provider Citrix Systems (Nasdaq: CTXS) reported a 20% increase in revenues to US$837mn in the Americas for 2010, the company's latest financial results show.

Citrix saw its Q4 revenues in the Americas grow by 27% year-on-year, to US$239mn. This compares with quarterly growth of 7% for Europe, the Middle East and Africa and 15% growth in the Asia-Pacific region.

On a full-year basis, Europe enjoyed 8% revenue growth during 2010 and the Pacific region 21%. Dollar figures were not provided for regions.

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Globally, the company reported 4Q10 net profits of US$94mn, up from US$88mn during the same quarter in 2009. Quarterly revenues grew to US$530mn compared with US$451mn in 4Q09, posting 17% year-over-year growth.

Net profits in 2010 reached US$277mn, growing from the previous year's US$191mn. Citrix reported full-year revenue growth of 16% to US$1.87bn, from US$1.61bn in 2009.

For the first quarter of 2011, Citrix predicts quarterly revenue of between US$470mn and US$475mn. For the full year, the company expects to see revenue of between US$2.10bn and US$2.14bn.

To see the full report, follow this link.