Citrix Systems, the global access infrastructure solutions company, reported and increase in its revenue for its second quarter which ended 30 June.
It reported revenues of $178.3m (£97m), compared with $143m in the same period of the previous year, representing an increase of 24.6%.
Deferred revenue grew to $193.8m, compared with $128.2m, an increase of 51.2%.
According to the company GAAP results saw net income for the second quarter of 2004 at $31.5m compared with $29.3m for the same period of the previous year.
Citrix notes that net income, adjusted to exclude the effects of amortization of intangible assets, was $35.4m for the second quarter of 2004 compared with $31.1m.
"We delivered an excellent quarter with double-digit revenue growth, strong deferred revenue growth, solid performance from the Citrix online division, and continued momentum in our subscription advantage business," says Mark Templeton, president and chief executive officer of Citrix.
"Overall, I believe that our results demonstrate that we are executing well in elevating access from a tactical component of information technology to a strategic element of business."
The company said financial highlights of the second quarter included the closing of five customer agreements worth more than $1m; by segment, Americas revenue grew by 11%, with EMEA revenue growing by 21%; and Asia-Pacific revenue grew by 43% compared with last year.
It also noted that licence revenue was flat sequentially, and down by 5%, while licence update revenue was up by 14% sequentially, and up by 69% compared to last year.
The company also reported that services revenue, excluding Citrix online, was up by 8% sequentially, and up by 16% over last year, with Citrix online revenue being $10.5m for the quarter.
According to the company the operating margin was 21% for the quarter, and operating margin adjusted to exclude the effects of amortisation of intangible assets was 24%. It sates that cash flow from operations for the quarter was $45m, compared with $54m last year.
The company’s financial outlook according to Citrix management for the quarter ending 30 September, is that net revenue is expected to be in the range of $175m to $185m.
Written by Computing SA staff