Citrix soars in Asia Pacific

By Allie Coyne on Jul 26, 2012 11:36 AM
Filed under Communications

Reports Q3 figures.

Citrix has posted a jump of $US10m ($A9.6m) in global net income for its second quarter of 2012, buoyed by tax breaks and growth in the Asia Pacific region.

It recorded net income of $US92 million in the three-month period ended June 30, compared to $82 million in Q2 of 2011.

The figure was helped along by net tax benefits of around $22 million.

Citrix declined to break down sales figures according to region, but reported revenue growth in the Pacific region of 24 percent. EMEA saw 21 percent growth in revenue and the Americas grew by 11 percent. 

The best performing Citrix business was its professional services division, encompassing consulting, product training and certification, which grew 37 percent. SaaS and license updates and maintenance revenue both jumped 18 percent, while product and licenses revenue increased by 10 percent on Q2 2011.

Revenue for the period was $US615 million, a 16 percent jump on the previous corresponding quarter’s $US531 million result.

"In Q2, we saw solid growth in an uncertain economic climate," said Mark Templeton, Citrix president and chief executive officer, in a statement.

"So, I'm pleased with our execution, and our strong market positions.As the rapid transformation from PC era to cloud era continues, we're delivering solutions that make it easy for customers to build new clouds, connect to cloud services, and empower their users to work from anywhere."

Citrix’s second quarter saw the release of several new products including its collaboration portfolio platform Podio, following its acquisition of the company in April for an undisclosed sum. 

Citrix is expecting its third quarter and full year 2012 results to be affected by its recent acquisition of mobile video and web content provider Bytemobile for $US435 million. 

It has predicted revenue of around $US645 million for Q3 and $US2.5 billion for the full fiscal year.

The forecast would continue a period of ongoing growth for the company.

Citrix reported revenue of $US619 million for its fourth quarter of 2011, a 17 percent jump on the previous corresponding period, and revenue of $US2.2 billion for the fiscal year 2011 - 18 percent up on 2010.

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