Citrix virtualization revenues up 150%, total revenues down 2% in Q1 2009

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At the end of the last week Citrix announced its Q1 2009 earnings. The company suffered a 2% revenue decrease, moving from $377 million in Q1 2008 to $369 million.
In details the company lost 24% fot new licenses revenue but gained in renewed licenses (11%), online services (16%) and technical services (8%).
EMEA is where Citrix is losing the most (11% decrease in revenue) compared to Americas (1% decrease) and APAC (9% decrease).

Interestingly, while the application virtualization business lost 10% (year-on-year decline), the hardware virtualization business (XenServer, XenDesktop) gained over 150%.
Citrix now scores over 5000 customers for those products, and Essentials sales are just started.

For the next quarter, pretty much like VMware, the company expects no growth or a further decline.
Despite that, the price of VMware vSphere 4.0, the features that will appear in XenServer and Essentials 5.5, and the new things that will be announced at the Synergy conference tomorrow, may help Citrix to surprise the financial analysts.