Citrix reports fourth quarter and fiscal year 2005 results

In the fourth quarter of fiscal 2005, Citrix achieved record revenue of $269 million, compared to $214 million in the fourth quarter of fiscal 2004, representing 26 percent revenue growth. Annual revenues for 2005 were $909 million, compared to $741 million in the previous year, a 23 percent increase.

Net income for the fourth quarter of fiscal 2005 was $59 million, or $0.32 per diluted share, compared to $52 million, or $0.30 per diluted share, for the fourth quarter of fiscal 2004. Annual net income for 2005 was $166 million, or $0.93 per diluted share, compared to $132 million, or $0.75 per diluted share in fiscal 2004.

"We finished a strong 2005 with a record fourth quarter," said Antoine Aguado, Regional Manager for Citrix Middle East. "Solid performance across our products and regions once again drove record revenue for the company, excellent license growth and strong operating margin."

"Achieving a highly credible 26% worldwide quarterly growth in Q4 2005, we have witnessed excellent success in the Middle Eastern region throughout the year. While consolidating on previous growth in sectors such as government, telecommunications and banks, we have also deeply penetrated emerging verticals such as SMB, hospitality and others, across the Middle East. We look forward to aggressively pursuing the growing Middle Eastern markets in 2006,"

commented Aguado.

In 2005, Citrix globally recorded an annual revenue growth of 23 percent compared to fiscal 2004. Revenue grew in the EMEA region by 16 percent compared to the fourth quarter of 2004. Product license revenue increased 23 percent, compared to the fourth quarter of 2005 while revenue from license updates grew 18 percent. Technical services revenue, which is comprised of consulting, education and technical support, grew 33 percent, compared to the fourth quarter of 2004.

During the fourth quarter, Citrix took the No.1 Unit market share in SSL VPN Gateways, Citrix launched its first 64-bit solution for application virtualization: Citrix Presentation Server™ 4.0 for Microsoft® Windows Server™ 2003 x64 Edition and introduced Citrix® NetScaler® Application Switch Standard Edition (SE), a new edition of its popular application delivery product line targeted specifically for the needs of small-to-medium enterprises. Citrix also acquired Sunnyvale, CA.-based Teros, Inc., a privately-held provider of application security solutions.

The global leader in access infrastructure solutions further earned 15 top accolades in 2005 for its market-defining remote access and collaboration services. Citations from the most powerful industry influencers and media distinguished Citrix® GoToMyPC® remote desktop access, Citrix® GoToAssist™ remote technical assistance and Citrix® GoToMeeting™ remote meeting and collaboration services for excellence, innovation and "simpler-is-better" market-leadership.