Citrix EMEA reports strong growth in Q4

In the fourth quarter of fiscal 2004, Citrix achieved record revenue of $214 million, compared to $158 million in the fourth quarter of fiscal 2003, representing 36 percent revenue growth. Annual revenues for 2004 were $741 million, compared to $589 million in the previous year, a 26 percent increase.
Net income for the fourth quarter of fiscal 2004 was $52 million, or $0.30 per diluted share, compared to $36 million, or $0.21 per diluted share, for the fourth quarter of fiscal 2003. Annual net income for 2004 was $132 million, or $0.75 per diluted share, compared to $127 million, or $0.74 per diluted share in fiscal 2003.

"We are delighted to announce strong growth in the last quarter of 2004. In line with the positive results across the world, Citrix saw excellent results and record figures in the Middle East," said Antoine Aguado, Regional Manager, Citrix Systems Middle East. "Q4 2004 carried over Citrix's success in recent years within Middle Eastern countries such as UAE, Saudi Arabia, Egypt, Qatar, Oman, Kuwait, Bahrain and Levant. With a number of important clients across various vertical sectors including government, healthcare, finance, telco, education, SMB and others, we expect to see further growth and development in 2005 as the region understands the distinct business advantages of using the Citrix access infrastructure."

"It was a strong quarter capping a great year with record revenue," remarked Mark Templeton, president and chief executive officer for Citrix. "In the quarter, we saw double-digit software license revenue growth over last year's fourth quarter; license revenue from new products reached the high end of our target range; and we experienced very strong sequential growth in EMEA."

"For the year, we saw strength in three key areas: in our subscription business, our new products, and in our core enterprise business. In addition, we executed well, maintaining our adjusted operating margins in the desired range of mid-to-upper 20 percent while investing for the future.

"In addition to our strong financial results, in 2004 we made both company and technology acquisitions to expand into adjacent markets and double the number of offerings in our product portfolio. We also continued to increase the company's visibility worldwide and articulate the strategic value of access infrastructure," he added.