FOR IMMEDIATE RELEASE
For media inquiries, contact:Eric Armstrong, Citrix Systems, Inc.(954) 267-2977 or firstname.lastname@example.orgEric Jones, A&R Edelman(212) 819-4862 or email@example.comFor investor inquiries, contact:Eduardo Fleites, Citrix Systems, Inc.(954) 229-5758 or firstname.lastname@example.org
Citrix Reports First Quarter Financial Results
Quarterly Revenue of $377 million; Year-over-year growth of 22%GAAP Diluted Earnings Per Share of $0.18 Non-GAAP Diluted Earnings Per Share of $0.35
FORT LAUDERDALE, Fla.
April 23, 2008
Citrix Systems, Inc. (Nasdaq:CTXS), the global leaderin application delivery infrastructure, today reported financial results for the first quarter of fiscal 2008ended March 31, 2008.
In the first quarter of fiscal 2008, Citrix achieved revenue of $377 million, compared to $308 millionin the first quarter of fiscal 2007, representing 22 percent revenue growth.
Net income for the first quarter of fiscal 2008 was $34 million, or $0.18 per diluted share, comparedto $38 million, or $0.20 per diluted share for the first quarter of 2007.
Non-GAAP net income in the first quarter of 2008 increased 16 percent to $66 million, or $0.35 perdiluted share, compared to $57 million, or $0.31 per diluted share, in the comparable period last year. Non-GAAP net income excludes the effects of amortization of intangible assets primarily related to businesscombinations, stock-based compensation expenses, the write-off of in-process research and development andthe tax effects related to those items.
with another grea
t quarter of growth,” said Mark Templeton, president and chief
executive officer for Citrix.
Our focus and investments in building a more global footprint, product line breadth, and businessmodel diversity is serving us well.
Q1 Financial Highlights
In reviewing the first quarter results of 2008, compared to the first quarter of 2007:Product license revenue increased 20 percent;Revenue from license updates grew 19 percent;Online services contributed $62 million of revenue, representing an increase of 31 percent;