Citrix grows by 21% in third quarter

In the third quarter of fiscal 2005, Citrix achieved revenue of $226.9 million, compared to $187.6 million in the third quarter of fiscal 2004, representing 21 percent revenue growth.

Net income for the third quarter of fiscal 2005 was $41.0 million, or $0.23 per diluted share - which includes a $7.0 million expense charge for in-process research and development associated with the NetScaler acquisition - compared to net income of $38.4 million, or $0.22 per diluted share, for the third quarter of fiscal 2004.

"Our third quarter results were excellent," said Antoine Aguado, Regional Manager for Citrix ME. "Good momentum drove solid growth in revenue, adjusted earnings per share and cash flow."

"We saw strong performance and accelerating momentum from our new products, especially with our online services, gateways and application networking product lines. The results indicate that customers are finding our much broader portfolio of products and services to be the most compelling set of access infrastructure solutions on the market," added Aguado.

Aguado further stated: "For the Middle East, our Q3 results were even more impressive. Our strength in our existing markets like government, education, finance and telecommunications have been greatly supported by those emerging markets and customers from diverse verticals in our Q3 results. In particular, Citrix is seeing a strong growth in the SMB sector."

In Q3 2005, Citrix received Microsoft's Global ISV Partner of the Year Award for 2005. In the three years that Microsoft has bestowed this award, Citrix won the top honor in 2003 and 2005, and was a finalist in 2004. Citrix also announced the general availability of Citrix Access Essentials™ specifically developed, packaged and priced to bring secure application virtualization and efficient centralized management of information resources within easy reach of small and mid-sized businesses.