Citrix announces Q2 2015 results

Citrix announced its financial results for second quarter 2015.

The revenues for the second quarter were $797 million for an increase of 2% compared to Q2 2014.

Net income was $103 million and non-GAAP operating income was $163 million, an increase compared to $142 million for Q2 2014.

Examining the results in contrast with the same quarter 2014:

  • Product and license revenue decreased 12 percent;
  • Software as a service revenue increased 11 percent;
  • Revenue from license updates and maintenance increased 9 percent;
  • Professional services revenue, which is comprised of consulting, product training and certification, decreased 12 percent;
  • Net revenue increased in the Americas region by 1 percent and remained consistent in the EMEA region and decreased in the Pacific region by 8 percent;
  • Deferred revenue totaled $1.5 billion as of June 30, 2015, compared to $1.4 billion as of June 30, 2014, an increase of 8 percent;
  • GAAP operating margin increased from 7 percent to 15 percent; Non-GAAP operating margin increased from 22 to 25 percent;
  • Cash flow from operations was $201 million for the second quarter of fiscal year 2015, compared with $204 million for the second quarter of fiscal year 2014.

Mark Templeton, president and chief executive officer for Citrix, declared:

We are starting to see the benefits of the restructuring actions we took at the start of 2015 in terms of margin expansion, through the additional actions we are announcing today, we’re taking steps to ensure that we are focusing all of our energy on our core secure app delivery offerings and setting the company up for even better execution, greater efficiency and profitable growth.