Tech giant Citrix sees third quarter revenue growth

Technology company Citrix, which employs more than 250 people in Ireland, posted revenues that were 6 per cent higher in the third quarter.

The company recorded revenue of $759 million, compared to $713 million for the same period a year earlier.

Net income for the third quarter totalled $48 million or $0.29 per diluted share, as against $77 million, or $0.41 per diluted share for its 2013 third quarter.

GAAP results for the third quarter of fiscal year 2014 include a charge of approximately $21 million related to a previously disclosed patent lawsuit, as well as a restructuring charge of $3 million for severance costs. Non-GAAP net income was $125 million, or $0.75 per diluted share, compared to $132 million, or $0.70 per diluted share.

Citrix said professional services revenue, which is comprised of consulting, product training and certification, increased 25 per cent over the three-months to the end of September.

Software as a service revenue increased 12 percent, while revenue from license updates and maintenance increased 9 per cent. Product and license revenue decreased 4 per cent.

Revenue increased in the EMEA region by 8 per cent and by 4 per cent in the Americas. Revenues from the Pacific region also increased 4 percent.

Deferred revenue totalled $1.40 billion, the company said. This compares to $1.27 billion for the same period last year.

"I am pleased with our operational and strategic performance in the third quarter," said Mark Templeton, chief executive for Citrix. "While our results were clearly mixed, we executed well in many important areas including product releases, go-to market investments and partnership initiatives, all while maintaining focus on operational refinements and profitability."

A number of Citrix business units operate in Ireland including sales, global IT operations and a technical support team which provides support to partners and end users across the entire EMEA region.