Citrix announces Q3 2013 earnings

Posted by Paola Cornacchiola   |   Thursday, October 24th, 2013   |  

Yesterday October 23, Citrix announced its financial results for third quarter of fiscal year 2013, ended September 31, 2013.

Citrix announced a total revenue of $713 million, for an increase of 11% compared to Q3 2012

Net income registered a slight decrease with $77 million compared to 2012 where it was $78 million, but the diluted share is the same at $0.41, while Non-GAAP results raised from $128 million for Q3 2012 to $132 million for Q3 2013.
Citrix also informed that its Board of Directos repurchased up to an additional $500 million of its common stock.

In reviewing the results for the third quarter of fiscal year 2013, compared to the third quarter of fiscal year 2012:

  • Product and license revenue increased 3 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 9 percent;
  • Net revenue increased in the EMEA region by 15 percent, increased in the Americas region by 9 percent and increased in the Pacific region by 7 percent;
  • Deferred revenue totaled $1.27 billion as of September 30, 2013, compared to $1.05 billion as of September 30, 2012, an increase of 21%; and
  • Cash flow from operations was $223 million for the third quarter of fiscal year 2013, compared with $181 million for the third quarter of fiscal year 2012.
  • The company repurchased 0.8 million shares at an average price of $72.05.

During the third quarter of fiscal year 2013:

  • GAAP gross margin was 83 percent and non-GAAP gross margin was 86 percent, excluding the effects of amortization of acquired product related intangible assets and stock-based compensation expense.
  • GAAP operating margin was 12 percent and non-GAAP operating margin was 24 percent, excluding the effects of amortization of acquired intangible assets and stock-based compensation expense.


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