Citrix announces Q1 2012 earnings

On April 25 Citrix announced its financial results for first quarter of fiscal 2012, ended March 31, 2012.

The company announced $589M in total revenue, with $243M in cash flow, up 53% year-on-year.

Compared to Q1 2011 both new license sales and license updates & maintenance (an unified classification that combines Technical Services and License Updates, previously presented as separated voices) increased 19%.

Professional services grew 33% and online SaaS revenue increased 21%.

Financial Outlook for Fiscal Year 2012

Citrix management expects to achieve the following results during its fiscal year 2012 ending December 31, 2012:

  • Net revenue is targeted to be in the range of $2.53 billion to $2.56 billion;
  • GAAP diluted earnings per share is targeted to be in the range of $1.87 to $1.92. Non-GAAP diluted earnings per share is targeted to be in the range of $2.75 to $2.79, excluding $0.48 related to the effects of amortization of intangible assets primarily related to business combinations, $0.75 related to the effects of stock-based compensation expenses, and $(0.31) to $(0.40) for the tax effects related to these items.

The above statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.

Company, Product and Alliance Highlights
During the first quarter of 2012, Citrix announced:

  • A new release of Citrix® XenDesktop®, which fully integrates the personalization technology acquired last year via Ringcube and support for Microsoft System Center 2012, as well as Citrix AppDNA™ 6 software for application migration management, giving enterprises a seamless way to design, deploy and manage virtual desktops and applications in existing operations.
  • A new “Cloud Provider Pack” with powerful automation, application aggregation and mobility technologies for hosting providers delivering Windows apps and desktops as a hosted cloud service.
  • The general availability of Citrix CloudStack™ 3, which brings the power of Amazon-style clouds to enterprise customers that want to transform virtualized datacenter resources into automated, elastic, self-service clouds.  Related, in early April, Citrix submitted CloudStack to the Apache Software Foundation, home of the world’s most successful open source projects, commencing the process to elevate CloudStack into a full open source Apache Software Foundation project.
  • A strategic partnership with Bytemobile, Inc. to deliver new solutions for the mobile data market by combining Citrix NetScaler®’s mobile computing solutions and flexible application delivery with Bytemobile’s best-in-class traffic management and data optimization solutions, as well as its global footprint of MNO deployments.
  • Citrix has teamed with Dell to deliver a new VDI appliance that simplifies and accelerates desktop virtualization deployments for the mass market. The Dell DVS Simplified solution with Citrix VDI-in-a-Box™ will be sold through Dell’s global sales team and channels.
  • Citrix has added HDFaces video conferencing to its GoToMeeting® app for iPad, providing a new level of rich mobile collaboration in an easy-to-use, one-tap format.
  • In April 2012, Citrix announced the acquisition of Podio™, an innovative, privately held company that offers a collaborative work platform which supports people and teams getting work done the way they want in a social setting.  Podio’s unique apps concept adds structure and activity streams to any type of work and collaboration with teams, clients, in projects, and within functions such as sales, recruiting, marketing or any other area of business. A cloud service, Podio unifies the content, traditional business applications, and new mobile apps, as well as the real-time and asynchronous communications required to work in the post PC era. Podio will be part of the GoTo cloud services portfolio, which includes GoToMeeting.