Citrix announces Q3 2010 earnings

Posted by virtualization.info Staff   |   Friday, October 22nd, 2010   |  

Yesterday Citrix announced its Q3 2010 earnings, sharing interesting details about the desktop virtualization business unit performance.

In Q3 2010 the company revenue has been $277M, an 11% increase compared to 2009 (5% of that growth comes from license revenue, $60M is the total revenue for XenDesktop).
Despite the growth, Citrix reports a 6% decline, compared to Q2, for license revenue because of the XenDesktop Trade-up promotion ended in Q2. 
An interesting information is that Citrix is on track to cover 15% of its customer base within year end with the Trade-up program, and it’s planning to make it part of the standard XenApp upgrade process in 2011.
Everything beyond the Trade-up program (new customers and licenses) translated into a revenue growth of 17% sequentially and over 200% from 2009.

Citrix scored 85 XenDesktop transactions from more than 1000 seat each, and 13 with over 5000 seats. 
More than 2/3 of them selected the XenDesktop Platinum Edition, the one that is considered enterprise-ready by Gartner.

The data center and cloud business unit, which includes XenServer and NetScaler, generated a revenue of $84M, 47% more than in 2009. Half of the 20 top deals come from enterprise accounts (but Citrix doesn’t specify if these are Fortune 100, 500 or Global 2000 companies). 19 deals were above $1M.

While Citrix performance is positive in the Americas region, with a revenue growth of 22% compared to 2009 (product licenses grew 28%), the company performance in EMEA was less impressive, with just a 9% growth, equal to $123M. Citrix reports that some European customers have been cautious and delayed purchasing decisions. This is a particularly interesting information considering that the company’s first EMEA event sold out completely weeks ahead of time and over 60% of the audience was made of first-time attendees.
APAC performance has been the best, with a revenue growth of 27% compared to 2009.

Citrix added nearly 300 people in Q3 and expects to hire the same amount for the last quarter of the year.
The company also reports a record cash flow of $190M, with a forecast for 2010 total revenue to be in between $2.04 and $2.07B.

Thanks to Seeking Alpha for the call transcript.



blog comments powered by Disqus


virtualization.info Newest articles
Release: VMware vRealize Log Insight 4.5

June 13th, 2017

Log Insight is a log aggregation, management and analysis tool, that VMware first introduced in 2013 and considered a competitor of Splunk.
Yesterday VMware announced the release of version 4.5, available for…

Release: VMware vRealize Automation 7.3

June 6th, 2017

Today VMware announced the latest release of its cloud management platform vRealize Automation, former vCloud Automation Center.
VMware vRealize Automation 7.3 release notes can be found at this link.

The…

Paper: Introducing the NSX-T Platform

February 9th, 2017

“We see greater potential strategic opportunity in NSX over the next decade than our franchise product vSphere has had for the past decade.”
said VMware’s CEO Pat Gelsinger talking about…

Paper: VMware vSphere Virtual Machine Encryption Performance

November 22nd, 2016

Encryption of virtual machines is something that has been requested for years by the security community. VMware continued to postpone its implementation due to the negative operational impact that many…

Quest Software leaves Dell

November 1st, 2016

In September 2012 Dell announced to have completed the acquisition of Quest Software, a Californian company with an history in systems management, security, business intelligence and, falling back in our…

Citrix announces Q3 2016 results

October 21st, 2016

Citrix announced its financial results for third quarter 2016.
The revenues for the second quarter were $841 million for an increase of 3% compared to Q3 2015.
Net income was $132…

Release: VMware vSphere 6.5 & Virtual SAN 6.5

October 19th, 2016

2016 edition of VMworld US has been quite turbulent, on the other hand during VMworld Europe, happening these days in Barcelona, the company announced a few more products for the…

Release: VMware vRealize Log Insight 4.0

October 18th, 2016

Log Insight is a log aggregation, management and analisys tool, that VMware first introduced in 2013 and now is usually compared with Splunk.
Yesterday VMware announced Log Insight’s new major…

Release: Windows Server 2016 with support for Window Server & Hyper-V containers

October 13th, 2016

Yesterday Microsoft announced the general availability of Windows Server 2016 which the company defines as a cloud-ready OS.
Beside fancy definitions, one of the most relevant perks of this release…

Release: Oracle VM 3.4.2

September 22nd, 2016

During Oracle OpenWorld 2016 the company released version 3.4.2 of its enterprise virtualization solution.
Oracle VM is available for both x86 and SPARC based processor architectures and uses the Xen hypervisor…

VMworld US 2016 Wrap-up

September 1st, 2016

Today was the last day of VMware’s flagship conference VMworld in Las Vegas, an highly controversial edition which left a good chunk of the audience disoriented if not properly disappointed….

Gartner releases its Magic Quadrant for Cloud Infrastructure as a Service for 2016

August 11th, 2016

Last week Gartner updated its Magic Quadrant for Cloud Infrastructure as a Service (IaaS) for the year 2016. The Magic Quadrant for the year 2015 was released in May last year…

Release: Ansible Tower 3 by Red Hat

August 2nd, 2016

Ansible is one of the four main players in the automation market, younger then the well known Chef and Puppet, has been launched in 2013 in Durham, N.C. and acquired…

IBM announces earnings for Q2 2016

July 19th, 2016

Yesterday IBM announced its results for Q2 2016.

If we compare with the same quarter in 2015 earnings per share, from continuing operations, decreased 22%. Net income, from continuing operations,…

 
Monthly Archive