Citrix announces Q1 2014 earnings

On April 23, Citrix announced its financial results for first quarter of fiscal year 2014, ended March 31, 2014.

Citrix announced a total revenue of $751 million, for an increase of 12% compared to Q1 2013

Net income registered a slight decrease with $56 million compared to $60 million of Q1 2013 while Non-GAAP results raised from $117 million for Q1 2013 to $119 million for Q1 2014.

Mark Templeton, CEO for Citrix said:

Our customers are looking for ways to embrace mobility, the cloud, IT consumerization and BYOD. Those needs are right in our sweet spot.  As a leading provider in infrastructure and cloud services, we are uniquely positioned to help our customers deliver secure, managed, mobile workspaces.

David Henshall, CFO and COO for Citrix, declared:

I’m pleased with our performance in Q1, and the strong start to the year, we saw growth in all our geographic markets, while delivering record cash flow from operations.  Our results were driven by balanced growth across all three of our primary businesses: mobile and desktop, cloud networking, and SaaS.