Citrix reports $740 million in the fourth quarter of fiscal year 2012

Infotech Lead America:Citrix achieved revenue of $740 million in the fourth quarter of fiscal year 2012, compared to $619 million in the fourth quarter of fiscal year 2011. Revenue growth was 19 percent.Annual revenues of fiscal year 2012 were $2.59 billion, compared to $2.21 billion for fiscal year 2011, showing a 17 percent increase. Deferred revenue was $1.2 billion as of yearend; up by 25 percent from the previous fiscal year. Fourth quarter cash flow from operations were up by 34 percent at $227 million, compared to the previous fiscal year.

“I’m pleased with our results, both financial and strategic,” said Mark Templeton, president and CEO at Citrix. “We focused on execution to leverage new routes to market, acquire new customers, and drive subscription, maintenance and technical services growth. We also saw success in our newer markets.

“Our customers are increasingly interested in mobility. CIOs are looking to mobility to help deal with IT consumerization, a multi-generational workforce, collaboration, consolidation and disruption,” Templeton added.

“Mobility and cloud services represent an accelerating transformation in the workplace, and as we look into 2013, we are uniquely positioned to help our customers change the way they work, the devices and apps they use, and the way services are delivered.”

Summarizing the results for the fourth quarter of fiscal year 2012, compared to the fourth quarter of fiscal year 2011, product and license revenue increased 17 percent. Revenue from software as a service increased 18 percent while revenue from license updates and maintenance increased 22 percent. Professional services revenue, comprising of consulting, product training and certification, increased 20 percent.

Revenue increased in the Pacific region by 52 percent; increased in the EMEA region by 19 percent; and increased in the America’s region by 14 percent.

Cash flow from operations was $227 million for the fourth quarter of fiscal year 2012, compared to $170 million for the fourth quarter of fiscal year 2011.

Summarizing the results for fiscal year 2012 compared to fiscal year 2011, product and license revenue increased 12 percent.  Revenue from software-as-a-service increased by 19 percent. Revenue from license updates and maintenance increased 20 percent. Professional services revenue increased 30 percent.

Revenue increased in the Pacific region by 33 percent, increased in the EMEA region by 20 percent, and increased in the Americas’ region by 12 percent.

Cash flow from operations was $819 million for fiscal year 2012 compared with $679 million for fiscal year 2011.

On January 2, 2013, Citrix completed its acquisition of privately held Zenprise, a leading innovator in mobile device management, or MDM, for cash consideration of approximately $327 million. Citrix intends to integrate the Zenprise offering for MDM with its Citrix CloudGateway [email protected] solutions for managing mobile apps and data. This provides  enterprise IT customers a comprehensive set of tools that make it easier to manage and secure devices, apps and data. Users will be able to access apps from virtually any device, giving them the freedom to work and play anywhere.

The Zenprise acquisition will give Citrix the first solution in the industry for managing mobile devices, apps and data from a single, integrated enterprise mobility product line. This comprehensive approach can transform organizations into mobile enterprises with the security and control IT requires, the ease of use and flexibility users desire, and the productivity business demands.

In the Fiscal Year 2013, Citrix management expects to achieve net revenue in the range of $2.95 billion to $2.98 billion.

In the First Quarter of Fiscal Year 2013 Citrix management aims to achieve net revenue in the range of $670 million to $680 million.

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