On April 24, Citrix announced its financial results for first quarter of fiscal 2013, ended March 31, 2013.
Citrix announced a total revenue of $683 million, for an increase of 14% compared to Q1 2012
Net income registered a decrease of 13,3% compared to 2012 while Non-GAAP results raised from $111 million for Q1 2012 to $117 million for Q1 2013.
The stock market reacted with a fall of nearly 10 percent for Citrix Systems shares after the release of the earning report that showed decreasing profits.
Net income for the first quarter of fiscal year 2013 was $60 million, or $0.32 per diluted share, compared to $68 million, or $0.36 per diluted share, for the first quarter of fiscal year 2012. Net income for the first quarter of fiscal year 2013 includes net tax benefits of approximately $9 million, or $0.05 per diluted share.
In reviewing the results for the first quarter of fiscal year 2013, compared to the first quarter of fiscal year 2012:
- Product and license revenue increased 8 percent;
- Software as a service revenue increased 14 percent;
- Revenue from license updates and maintenance increased 19 percent;
- Professional services revenue, which is comprised of consulting, product training and certification, increased 2 percent;
- Revenue increased in the Americas region by 17 percent, increased in the Pacific region by 15 percent and increased in the EMEA region by 9 percent;
- Deferred revenue totaled $1.2 billion, compared to $983 million as of March 31, 2012, an increase of 25%;
- GAAP operating margin was 8 percent and non-GAAP operating margin was 20 percent, excluding the effects of amortization of acquired intangible assets and stock-based compensation expenses;
- Cash flow from operations was $249 million for the first quarter of fiscal year 2013, compared with $243 million for the first quarter of fiscal year 2012; and
- The company repurchased 1.2 million shares at an average price of $71.51.