Cloud and mobility demand drive Citrix revenues
Demand for cloud, mobility and desktop virtualisation products and services helped drive revenue at Citrix putting the BYOD champion in a position to talk about growth.
Demand for cloud, mobility and desktop virtualisation products and services helped drive revenue at Citrix putting the BYOD champion in a position to talk about growth.
Although profits could not manage the same rate of growth as revenue, with net income for the first quarter coming in at $68m compared to $74m a year earlier, there were plenty of arrows pointing upwards elsewhere in the business.
Product and licenses revenue grew by 19%, SaaS turnover climbed by 21% and the money from professional services also saw an increase of 38% for the three months ended 31 March.
Mark Templeton, president and CEO of Citrix, said it had made a solid start to the year particularly around, "web collaboration, desktop virtualisation and cloud networking".
"We are expanding into fast growing, adjacent markets, all fueled by three powerful forces - the need for mobility, the enterprise cloud evolution and the build-out of hosted cloud services," he added.
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