By Maureen O'Gara | Article Rating: |
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July 23, 2009 08:00 AM EDT | Reads: |
23,394 |

After closing out the second quarter with flat revenues of $393 million and earnings of $43 million, or 23 cents a share – 39 cents non-GAAP and so a penny better than expected – Citrix Systems took the auspices and figures revenues are gonna be flat again in both Q3 and the full year with little improvement in its margins.
As a result, Wall Street took its stock down around 2%.
CEO Mark Templeton said the economic is still tough, especially in EMEA, but claimed “our customers are embracing IT as an on-demand service, confirming our strategy around desktop virtualization, the next-generation data center and SaaS.”
Indicative of his point, Q2 revenue, up 3% in the Americas, dropped 12% in EMEA and 4% in the Pacific.
Broadly speaking the company’s Q2 product license revenue dropped 15%; revenue from license updates was up 9%; online services revenue was up 18%; and technical services revenue, a mix of consulting, education and technical support, grew 3%.
Deferred revenue totaled $538 million, compared to $476 million year-over-year. v The company’s GAAP operating margin was 10%, its non-GAAP operating margin was 22%; and cash flow from operations was $86 million.
Published July 23, 2009 Reads 23,394
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara
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