Citrix enjoys strong third quarter

Summary:The virtualisation specialist has exceeded analyst expectations with its third-quarter results, as customers tended towards buying its hardware and software products as a bundle

Citrix has reported strong third-quarter results and increased its outlook for the year, projecting growth via a bevy of product announcements.

On Thursday, the company reported earnings of $92m (£57m) or 49 cents a share, on revenue of $565m, up 20 percent from a year ago. Non-GAAP earnings were 64 cents a share. Wall Street analysts were expecting non-GAAP earnings of 58 cents a share on revenue of $544.8m.

On a conference call with analysts, Citrix chief financial officer David Henshall said that customers are increasingly buying XenDesktop for desktop virtualisation as well as back-end technology such as NetScaler. "We have some of the largest deals coming out of NetScaler as well as XenDesktop, and a surprising number of combined transactions — those customers that are buying both a hardware and a software solution as well as customers are looking at both XenDesktop and XenApp standalone products as a component," Henshall said.

For more on this ZDNet UK-selected story, see Citrix rides product cycle, large deals to strong Q3, ups outlook on ZDNet.com. 


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Topics: Tech Industry

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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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