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SOFTWARE INDUSTRY NEWS |
Citrix reports first quarter financial results |
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Citrix Systems has reported financial results for the first quarter of fiscal 2010 ended March 31, 2010. For Q12010, Citrix reported revenues of $414 million, as against $369 million during the first quarter of fiscal 2009, a 12 percent revenue growth. Net income was $47 million or $0.25 per diluted share, as compared to $7 million or $0.04 per diluted share, for the same quarter of 2009. Operating margin was 13 percent as compared to one percent in the first quarter of 2009. Cash flow from operations was $144 million, as compared with $82 million in the same quarter of 2009. Citrix repurchased 2.3 million shares at an average price of $43.71 during the quarter, while its board of directors authorized a share repurchase program of an additional $400 million. Around $58 million remain in authority from previous approvals as of March 31, 2010. For the coming quarter, Citrix said it expects net revenues in the range of $430 - $440 million, interest income between $3 - $4 million, and diluted EPS in the range of $0.28 to $0.29. More information on the company's outlook for the full year can be accessed in its statement. |
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