Citrix earnings boost desktop virtualisation push

Summary:Citrix has reported second-quarter earnings that improve upon Wall Street's predictions, thanks to its XenDesktop software

Citrix reported a better than expected second quarter in part because of its XenDesktop virtualisation software.

The news is yet another datapoint that desktop virtualisation is here and chief information officers are ramping up adoption. VMware also indicated that it was having high level conversations with technology executives about desktop virtualisations. Citrix, however, appears to be booking the revenue.

Citrix reported second quarter earnings of $47.6m (£30.5m), or 25 cents a share, on revenue of $458.4m. Non-GAAP earnings were 41 cents a share. In short, Citrix missed earnings expectations, but delivered better than expected revenue growth. Citrix projected third quarter non-GAAP earnings of 48 cents a share to 49 cents a share on revenue of $450m to $460m. Those projections were above Wall Street estimates.

For more on this ZDNet UK selected story, see Citrix: Desktop virtualization is snowballing on ZDNet.com.

Topics: Tech Industry

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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