Citrix CEO Mark Templeton to retire within next year

Citrix on Wednesday said its CEO Mark B Templeton will retire within the next year.

The cloud vendor will name his successor.

Templeton, who was on leave, has resumed work.

Citrix has promoted David J Henshall, who has been serving as acting CEO, as chief operating officer and will retain a portion of the executive responsibilities that he assumed during Templeton’s absence.

Henshall will continue in his roles as executive vice president and chief financial officer, with responsibility for the company’s finance and accounting organizations.

Meanwhile, Citrix said its fourth quarter revenue rose 8 percent to $802 million. Net income for the fourth quarter of fiscal year 2013 rose to $139 million from $114 million.

Citrix CEO Mark Templeton to retire within next year

Citrix revenue for fiscal year 2013 increased 13 percent to $2.92 billion, while net income rose to 340 million from $353 million.

Q4

Product and license revenue increased a half of a percent.

Software as a service revenue increased 13 percent.

Revenue from license updates and maintenance increased 11 percent.

Professional services revenue, which is comprised of consulting, product training and certification, increased 28 percent.

Net revenue increased in the EMEA region by 14 percent, increased in the Americas region by 8 percent and decreased in the Pacific region by 12 percent.

2013

Product and license revenue increased 7 percent.

Software as a service revenue increased 14 percent.

Revenue from license updates and maintenance increased 16 percent.

Professional services revenue, which is comprised of consulting, product training and certification, increased 17 percent.

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